Gazprom will supply an additional 10bn m³/yr of gas to CNPC
Letter from China: Beijing strengthens gas ties with Moscow
China is considering importing more pipeline gas from Siberia, but competition from LNG may cap the scale of these volumes
China’s new contract to buy more Russian gas marks a deepening of the relationship between the two countries at a time of heightened geopolitical tensions between Moscow and the West over Ukraine. But it does not necessarily mean a follow-up to the historic megadeal signed in 2014 is a foregone conclusion. Russia’s state-controlled Gazprom said early this month that it had signed a contract to supply an additional 10bn m³/yr of gas to China’s CNPC. The long-term SPA adds to the 30-year deal signed in 2014 for 38bn m³/yr, deliveries from which began in December 2019 via the Power of Siberia pipeline. The new deal—under negotiation since 2015—is for the supply of gas from Russia’s Far East to
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
