The Daily Russian gas supplies to China reach a historic level
Russian company Gazprom’s shipments of natural gas to China record a new historical level, as a result of the significant increase in demand from the Chinese side.
The company announced in a statement that China National Petroleum Corporation (CNPC) had ordered large quantities of gas via the Power of Siberia 1 pipeline on November 23, exceeding previous contracts for Gazprom.
The statement confirmed that Gazprom had met all the quantities required by the Chinese side, and set a new record for daily gas supplies, without specifying the volume of supplies.
The Russian company signed an agreement with CNBC last October to provide gas supplies via Power of Siberia 1, with additional deliveries added in 2023.
Russia aims to export about 30 billion cubic meters of natural gas to China by 2024, with flows expected to eventually increase to 38 billion cubic meters annually.
Additional shipments via the future Far East route are expected to reach an additional 10 billion cubic meters per year.
Gazprom is currently in talks to supply about 50 billion cubic meters of gas annually via the Power of Siberia 2 pipeline.
