Putin says Russia may become swing gas producer for Europe, Asia

Russia's President Vladimir Putin speaks during a session of the St. Petersburg International Economic Forum 2014 in St Petersburg on May 23, 2014. Mr Putin said on Friday that the crisis in Ukraine had evolved into a full-scale civil war, blami
Russia's President Vladimir Putin speaks during a session of the St. Petersburg International Economic Forum 2014 in St Petersburg on May 23, 2014. Mr Putin said on Friday that the crisis in Ukraine had evolved into a full-scale civil war, blaming Washington for backing the overthrow of former president Viktor Yanukovych. -- PHOTO: REUTERS

ST PETERSBURG, Russia (Reuters) - Gazprom's natural gas supply deal with China will ultimately enable Russia to become a swing gas producer between Europe and Asia, President Vladimir Putin told business leaders at the St Petersburg International Economic Forum on Friday.

Russia and China signed a 30-year gas supply contract, worth a total of more than US$400 billion (S$500 billion), earlier this week during Putin's visit to the country.