Gazprom a $400bn deal between Gazprom and CNPC. Under the contract, Russia was to supply 38 billion cubic meters of gas annually over 30 years at a cost of $350 per thousand cubic meters beginning in 2018. During the first half of 2018, Gazprom increased its export about 8.7%. In 2013, the average price of Gazprom’s gas in Europe was about $380 per thousand cubic meters. China offered a loan of about $50bn to finance development of the gas fields and the construction of the pipeline by Russia up to the Chinese border, with the Chinese to build the remaining pipeline.
Gazprom kilometres of gas trunk lines. Projects include Nord Stream and South Stream. In 2011, Gazprom produced about of natural gas, more than seventeen percent of global gas production. Gazprom also produced about 32.3 million tons of crude oil and nearly 12.1 million tons of gas condensate. The company has subsidiaries in industrial sectors including finance, media and aviation, and majority stakes in other companies. In 1943, during World War II, the government of the Soviet Union developed a domestic gas industry. In 1965, it centralized gas exploration, development, and distribution within the Ministry of Gas Industry. In the 1970s and