Home » Business » Daily Russian gas shipments to China reach historic high

Daily Russian gas shipments to China reach historic high

Russian company Gazprom’s shipments of natural gas to China recorded a new historic level due to the huge increase in demand from the Chinese side.

The company said in a statement, on Saturday, that the Chinese National Petroleum Corporation (CNPC) has requested large quantities of gas via the “Power of Siberia 1” line. on November 23, exceeding Gazprom’s contractual obligations, according to the TASS news agency.

The statement confirmed that the company provided all the quantities required by the Chinese side, and recorded a new record for daily gas supplies, without specifying the volume of supplies.

The Russian company “Gazprom” had signed an agreement with the company “CNBC” last October on an addendum to a previous contract, regarding the provision of gas supplies through “Power of Siberia 1”, adding other deliveries to the contract during the year 2023, without reference to the size. Contracts in the annex.

and target Russia, for its part, will export about 30 billion cubic meters of natural gas to China during 2024, and eventually increase flows to reach 38 billion cubic meters annually.

Separate shipments via the future Far East route are scheduled to reach an additional 10 billion cubic meters annually.

Gazprom is in talks to supply about 50 billion cubic meters of gas annually through the “Power of Siberia 2” line, which is currently being worked on.

2023-11-26 10:59:16
#Daily #Russian #gas #shipments #China #reach #historic #high

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.