Chinese investment in Russia's new Arctic LNG 2 project is viewed as vital by Deutsche Bank (DB) due to potential financing problems caused by western sanctions.
China's CNOOC and CNPC each agreed to take a 10% stake in the Novatek-led scheme on Thursday, with France's Total already having bought 10%.
DB analyst Chris Snyder said: "Bringing in strong partners is paramount for Arctic LNG 2, as it could prove difficult for the project to receive traditional bank financing given US/EU sanctions."
