Gazprom will earn $400 billion by spending only $55 billion in China gas contract - Gazprom CEO

The gas supply contract signed recently between Russia and China guarantees a rate of return usual for Gazprom, which is 12 percent in the extraction and 15 percent in the transportation projects, Gazprom CEO Alexei Miller said.

The gas supply contract signed recently between Russia and China guarantees a rate of return usual for Gazprom, which is 12 percent in the extraction and 15 percent in the transportation projects, Gazprom CEO Alexei Miller said.

"It is absolutely for sure for Russia and for Gazprom that we have achieved a result that guarantees us the internal rate of return that is normal for the company - I mean an internal profitability rate with which we work in extraction and transportation projects," Miller said in an interview shown in a weekly analytical program hosted by Sergei Brilyov on Saturday.

"We will earn $400 billion in 30 years, spending only $55 billion. This is as concerns how profitable this contract is and how appealing its price is to us," Miller said.

Russia-China talks yield 30-year Gazprom contract worth $400 billion>>>

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