Novak called the expected volume of gas supplies to China by the Power of Siberia

Russian pipeline gas supplies to China via the “Power of Siberia” are expected to amount to 22 bcm this year, Russian Deputy Prime Minister Alexander Novak said.

He also said that negotiations between “Gazprom” and CNPC on the preparation of a contract for the supply of 50 bcm of gas per year through the “Power of Siberia 2” are at the final stage, Russia hopes to sign the contract by the end of the year.

“Now the final agreement of the contract terms between “Gazprom” and the Chinese company CNPC is underway, a feasibility study is underway, the design of the gas pipeline route through the territory of Mongolia. We hope and are confident that our company will reach an agreement by the end of the year and sign a contract,” Novak said.

The first pipeline gas supplies to China — via the “Power of Siberia” gas pipeline — began at the end of 2019 and in 2020 amounted to 4.1 bcm, and next year increased two and a half times — to 10.4 bcm. By the end of 2022, deliveries via the “Power of Siberia” gas pipeline reached 15.5 bcm.

According to the forecast of the government of the Russian Federation, it is planned to reach the design capacity for gas supplies via the Power of Siberia by 2025 – 38 bcm.

Caspian Barrel