Gazprom and China National Petroleum Corporation (CNPC) have entered into a contract for the sale of gas to China from the Russian Far East. This was announced on Friday, February 4, by the press service of the Russian company.
“The signing of the document was an important step in further strengthening the mutually beneficial cooperation between Russia and China in the gas sector. After the project reaches full capacity, the volume of deliveries will increase by 10 billion cubic meters. m and in total will reach 48 billion cubic meters. m per year (including deliveries via the Power of Siberia gas pipeline),” the statement said.
According to the head of Gazprom, Alexei Miller, the signing of the second contract for the supply of Russian gas to China testifies to the highest level of mutual trust and partnership between the countries.
“Our Chinese partners from CNPC have already managed to make sure that Gazprom is a reliable gas supplier,” Miller said.
Earlier in the day, Russian President Vladimir Putin, meeting with Chinese President Xi Jinping in Beijing, said that Russian oil companies had prepared a gas contract for the supply of 10 billion cubic meters. m of fuel to China per year.
Russian Ambassador to China Andrey Denisov said on January 25 that negotiations on a new project to supply China with Russian gas from the Far East and Sakhalin had reached a degree of readiness. Most of the content of the final documents has been agreed upon, Denisov said.
The diplomat said that this route would allow diversifying fuel supplies, since at the moment hydrocarbons are delivered only through the territory of Mongolia.
Earlier, on January 8, Rachel Millard, a columnist for the British edition of The Telegraph, noted that the upcoming deal between Russia and China on the construction of a new gas pipeline “Power of Siberia – 2” caused great concern in Europe. According to her, the plans of Russia and China to double the supply of raw materials to Asia went unnoticed by Europe, which was carried away by disputes over the Nord Stream 2 gas pipeline. The new project will have an equivalent capacity of 50 bcm. m of fuel per year.
On January 3, the British newspaper Daily Express claimed that Russian President Vladimir Putin “outplayed” Europe by agreeing with China to increase gas supplies. As the author of the article pointed out, the agreement will double exports to China, up to 50 billion cubic meters will be transported annually. m of natural gas through the new large gas pipeline “Power of Siberia – 2”.
On December 14, CNPC signed an agreement with Gazprom on a significant increase in gas exports to China in November-December at a meeting of the Joint Coordinating Committee.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
