Russian energy giant Gazprom set a new daily record for gas deliveries to China via the Power of Siberia pipeline on December 28, the energy giant’s CEO Aleksey Miller said on Wednesday.
Gazprom increased supplies to the Asian country from what had been planned for December, exceeding daily contract obligations by up to 18.7%, Miller said.
Russia supplies gas to China through the Power of Siberia pipeline, a section of the so-called Eastern Route, under a long-term bilateral agreement between the two countries. The mega pipeline, which is expected to be completed and become fully operational by 2025, will supply China with 38 billion cubic meters (bcm) of Russian natural gas per year from 2024.
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Miller noted that this year, Moscow and Beijing have signed another contract for the supply of 10 billion m3 from the Russian Far East, which will bring annual exports to 48 billion m3. “and in view of the export transit pipeline through the territory of Mongolia – [supplies will reach] nearly 100 billion cubic meters”, he underlined.
The eastern route was partially launched in December 2019, becoming the first pipeline to supply Russian gas to China. It includes the 3,000 km long Power of Siberia pipeline in Russia and a section in China that stretches 5,111 km (3,175 miles).
The project is part of a 30-year, $400 billion deal signed between Russia’s Gazprom and China’s National Petroleum Corporation in May 2014.
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