BEIJING, Nov. 17 - China's largest state oil and gas company CNPC and Russian gas giant Gazprom have reached consensus on the pricing mechanism of natural gas to be piped from Russia to China, said Gazprom's Deputy Management Committee Chairman Alexander Medvedev in Beijing Saturday.

 

The negotiations on the Russian gas prices "would not be influenced by China's low natural gas import prices," said the chairman, declining to elaborate.

 

Russia will pipe 68 billion cubic meters of natural gas to China each year by 2020, according to Russian energy chief Viktor Khristenko earlier this year.