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Russia speeds up gas supply to China — RT Business News

Russian energy giant Gazprom said this week that gas exports to China through the Power of Siberia pipeline have continued to grow. Deliveries are part of “a long-term bilateral contract between Gazprom and China National Petroleum Corporation (CNPC)”, the company said on its official Telegram channel.

The 3,000 km (1,864 mile) cross-border gas pipeline began official deliveries of Russian natural gas to China in 2019. The capacity of the so-called eastern route is 61 billion cubic meters of gas per year, of which 38 billion cubic meters for export. In 2020, Gazprom supplied 4.1 billion cubic meters of gas to China through Power of Siberia.

The agreement on gas supply through the pipeline was reached in 2014, with Gazprom and CNPC signing a 30-year contract. The $400 billion deal is Gazprom’s biggest ever deal and the Power of Siberia is the first gas pipeline between Russia and China.

According to Gazprom, he is currently working on the Power of Siberia 2 project, which involves the construction of a gas pipeline to China through the territory of Mongolia. The pipeline will be able to transport up to 50 billion cubic meters of gas once operational.

Gazprom aims to become China’s largest natural gas supplier, accounting for more than 25% of Chinese imports by 2035.

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