Deputy Prime Minister of the Russian Federation Alexander Novak said that an agreement in principle already exists on the construction of the Power of Siberia – 2 gas pipeline. In this respect he is writing Newspaper “Izvestia”.
According to Novak, negotiations between Gazprom and the Chinese CNPC on the economic and commercial terms of the project are now in the final stage, coordination is ongoing. Deputy Prime Minister said that the parties determine the cost, fuel supply and payment terms.
Chinese Ambassador to Russia Zhang Hanhui in an interview with RIA Novosti on December 19 statedThat Russia and China are actively discussing the possibility of implementing the “Power of Siberia – 2” project. According to him, for this, the parties “need a comprehensive, scientific, systematic justification.” According to the ambassador, Moscow and Beijing’s desire to develop cooperation in the gas sector is largely due to “broad prospects in the consumer gas market in China and the desire to create a more long-term and sustainable model of cooperation with Russia.”
On December 17, Novak said Moscow hopes to reach an agreement with Beijing on the Power of Siberia 2 gas pipeline as soon as possible.
Same day at Gazprom to put A record amount of gas was sent to China. The Russian company currently supplies gas to China under a 30-year contract for 38 billion cubic meters per year. Exports started in December 2019. The decision to increase volumes was taken to meet the growing demand of Chinese consumers.
Previously happened It is known that Russia’s gas supply to China will exceed the target in 2023.