Russian energy giant Gazprom has increased gas supplies to China via the Power of Siberia pipeline and recorded a new daily maximum on December 7, the company wrote on its official Telegram channel this week.
Gazprom has boosted exports compared to what had been previously planned for December 2022 at the request of China, exceeding daily contractual obligations by 16.1%.
Russia supplies gas to China via the Power of Siberia pipeline, a section of the so-called Eastern Route, under a bilateral long-term agreement between the two countries.
The announcement comes a day after Chinese construction company PipeChina reported the completion of a key section of the East Route natural gas pipeline between the two countries.
It will allow gas to be transported from Russia to China’s eastern economic powerhouse, Shanghai. The East Route natural gas pipeline was partially launched in December 2019, thus 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 extends 5,111 km (3,175 miles).
The mega pipeline will provide China with 38 billion cubic meters of Russian natural gas annually starting in 2024. It is part of a $400 billion, 30-year agreement inked between Russia’s Gazprom and the China National Petroleum Corporation in May 2014.
RT. com / ABC Flash-Point Oil & Gas News 2022.
Russian gas built the EU economies but now it is the Chinese economy grow to super heights from generously Deep discounted long term gas contracts with China.
Why is all this gas going to China…what happened to the European market? Oh, that’s right, the EU effed up big time. China gets price decrease from Russia, as the EU get 6x price increase from US. Brilliant!! The EU is so, so clever. teeheeteehee.
China and Russia, out pacing the rest of the world.