Gazprom is negotiating with China on projects to supply gas from Russia via the new pipeline, TASS quoted the Russian energy company as saying.
Gazprom expects the supply of Russian gas via the Power of Siberia pipeline and the Far East route to give Russia a stable foothold in the Chinese gas market.
Currently, gas from Russia and Central Asia via pipelines, along with liquefied natural gas (LNG), is playing a key role in the supply of gas to China's main consumption centers, Gazprom said.
Also related to Russia-China energy cooperation, Gazprom CEO Alexei Miller revealed that the group has completed the first 100 billion cubic meters of gas supply to China via the Power of Siberia pipeline. This is an important milestone in the long-term contract between the two parties, with a total volume of more than 1,000 billion m3 of gas to be transferred.
The first 100 billion cubic meters were delivered to China via the Power of Siberia pipeline, out of a total of more than 1,000 billion cubic meters under the largest gas contract in the history of the energy sector. This is just the beginning. The contract will last until mid-2049," Miller said.
Gazprom's CEO also added that from 2027, Gazprom will start supplying gas to China via a second pipeline - the Far East.
"The partnership between us and China is built on the basis of reliability and development aspirations. As Chinese colleagues often say: the longer the friendship is. The more sustainable. Projects such as Siberia and the Far East are not only a clean energy supply, but also a strong bridge between the two countries and people of the two countries, bringing long -term bilateral benefits," said Alexei Miller.
Since December 1, 2024, Gazprom has operated the Power of Siberia pipeline with a maximum designed capacity of 38 billion cubic meters per year. The amount of Russian gas transferred through this route to China reached 4.1 billion cubic meters in 2020, 10.39 billion cubic meters in 2021, 15.4 billion cubic meters in 2022 and 22.73 billion cubic meters in 2023.
At the end of December last year, Alexei Miller said Gazprom was expected to exceed its 2024 gas supply plan to China, with total supplies reaching about 31 billion cubic meters, up more than 35% over the previous year, meeting nearly a quarter of China's additional gas demand.
