2022-02-07 11:30:00
RELIABLE RUSSIAN GAS FOR CHINA
GAZPROM - February 4, 2022 - Gazprom and China National Petroleum Corporation (CNPC) signed a long-term Sales and Purchase Agreement for natural gas to be supplied via the Far Eastern route.
The signing of this document is an important step towards further strengthening the mutually beneficial cooperation between Russia and China in the gas sector. As soon as the project reaches its full capacity, the amount of Russian pipeline gas supplies to China is going to grow by 10 billion cubic meters, totaling 48 billion cubic meters per year (including deliveries via the Power of Siberia gas trunkline).
“This is already a second contract to be signed for Russian gas supplies to China, and it is indicative of the exceptionally strong mutual trust and partnership between our countries and companies. Our Chinese partners from CNPC have already seen for themselves that Gazprom is a reliable gas supplier,” said Alexey Miller.
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Background
Gazprom's main partner in China is CNPC, a state-owned oil and gas company.
In 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for 38 billion cubic meters of gas per year to be supplied via the eastern route (Power of Siberia gas pipeline). The ceremony marking the start of the first-ever pipeline supplies of Russian gas to China took place on December 2, 2019.
In January 2022, the feasibility study was completed for the Soyuz Vostok gas trunkline construction project. The trunkline will become an extension of Russia's Power of Siberia 2 gas pipeline in Mongolian territory and will make it possible to supply up to 50 billion cubic meters of gas per year to China.
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Earlier:
2022, February, 2, 12:05:00
MORE RUSSIAN GAS TO CHINA
Gas exports to China via the Power of Siberia pipeline keep growing within the framework of the long-term bilateral contract between Gazprom and CNPC.
2022, January, 26, 12:25:00
CHINA'S ENERGY INTENSITY REDUCTION
China intends to reduce its energy intensity (i.e. energy consumption per unit of gross domestic product) in 2025 by 13.5% compared with the 2020 level,
2022, January, 21, 11:10:00
CHINA LPG IMPORTS DOWN
Propane imports fell 11.5% month on month to 1.46 million mt in December, which was partially offset by butane imports rising 9.6% over the same period to 416,006 mt,
2022, January, 12, 10:20:00
CHINA GAS DEMAND WILL UP
National oil company Sinopec expects Chinese natural gas demand to reach 395 Bcm in 2022, up 7% from an estimated 370 Bcm in 2021, according to its research arm, Sinopec Economics & Development Research Institute.
2021, December, 17, 13:00:00
КОНКУРЕНТОСПОСОБНОСТЬ РУССКОГО ГАЗА
Мы ни за что не будем отказываться от нашего конкурентного преимущества использования природного газа, чистой атомной энергии. Это источники работы, средств для диверсификации экономики и что не менее важно – источник стабильного энергообеспечения для многих других стран мира.
2021, December, 15, 13:10:00
MORE RUSSIAN GAS FOR CHINA
Specifically, the daily amount of gas exports was significantly increased in November and December under the mutually beneficial arrangements between Gazprom and CNPC as compared with the schedule for 2021 that had been approved earlier.
2021, November, 30, 13:20:00
ЭНЕРГЕТИЧЕСКОЕ ПАРТНЕРСТВО РОССИИ, КИТАЯ
Сотрудничество России и КНР в ТЭК за последнее десятилетие успешно развивается и вышло на беспрецедентно высокий уровень благодаря совместным усилиям лидеров стран.
