Russian energy titan reports unprecedented China exports
Gazprom announced that it anticipates achieving full capacity for its gas supplies to China sooner than expected. Read Full Article at RT.com
TroibNews 
Gazprom announced on Sunday that it achieved a new daily record for gas deliveries to China via the Power of Siberia pipeline on December 7.
The Russian energy giant reported that it exceeded the planned export volume at the request of the Chinese. This marks the eighth instance in 2023 where Gazprom has exceeded its daily supply record.
Under a long-term bilateral agreement, Russia has committed to providing 38 billion cubic meters of gas annually to China through the Power of Siberia pipeline starting in 2025.
Gazprom anticipates that by the end of 2024, its gas deliveries to China will surpass the annual contractual obligations, enabling supplies through the pipeline to reach the full capacity of 38 bcm a month earlier than expected.
CEO Aleksey Miller remarked, “We see demand for Russian gas in the growing Chinese market and the important role that Russian gas plays for a stable energy supply to the Chinese economy. Long-term contracts between Gazprom and CNPC strengthen the good neighborly relations of our countries.”
Currently, most of China's Russian gas imports come through the Power of Siberia pipeline, which is part of the Eastern Route. This project began partial operations in December 2019, becoming the first pipeline to deliver Russian gas to China.
The Eastern Route comprises the Power of Siberia pipeline, which spans approximately 3,000 km in Russia, with the total length in China reaching 5,111 km.
The initiative is part of a $400 billion, 30-year agreement between Russia's Gazprom and China's National Petroleum Corporation, signed in May 2014.
Following the loss of European buyers due to the escalating Ukraine conflict and subsequent Western sanctions in 2022, Russia redirected its energy exports towards Asia.
Ian Smith contributed to this report for TROIB News
The Russian energy giant reported that it exceeded the planned export volume at the request of the Chinese. This marks the eighth instance in 2023 where Gazprom has exceeded its daily supply record.
Under a long-term bilateral agreement, Russia has committed to providing 38 billion cubic meters of gas annually to China through the Power of Siberia pipeline starting in 2025.
Gazprom anticipates that by the end of 2024, its gas deliveries to China will surpass the annual contractual obligations, enabling supplies through the pipeline to reach the full capacity of 38 bcm a month earlier than expected.
CEO Aleksey Miller remarked, “We see demand for Russian gas in the growing Chinese market and the important role that Russian gas plays for a stable energy supply to the Chinese economy. Long-term contracts between Gazprom and CNPC strengthen the good neighborly relations of our countries.”
Currently, most of China's Russian gas imports come through the Power of Siberia pipeline, which is part of the Eastern Route. This project began partial operations in December 2019, becoming the first pipeline to deliver Russian gas to China.
The Eastern Route comprises the Power of Siberia pipeline, which spans approximately 3,000 km in Russia, with the total length in China reaching 5,111 km.
The initiative is part of a $400 billion, 30-year agreement between Russia's Gazprom and China's National Petroleum Corporation, signed in May 2014.
Following the loss of European buyers due to the escalating Ukraine conflict and subsequent Western sanctions in 2022, Russia redirected its energy exports towards Asia.
Ian Smith contributed to this report for TROIB News
