Russia cuts oil output by 200,000 barrels a dayBusiness & Economy March 30, 8:09
Russian historical epic Viking to be released in Italy, UKSociety & Culture March 30, 2:11
Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Moscow slams West’s reaction to Russian protests as part of long-planned campaignRussian Politics & Diplomacy March 29, 23:56
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
ST. PETERSBURG, May 23. /ITAR-TASS/. The gas price for China under the signed 30 years contract in nearly $350 per 1,000 cu. m, Russian Energy Minister Alexander Novak told the Rossiya 24 TV news channel on Friday.
“Yes, these are prices close that in the contract,” he answered to a question if media reports saying the gas price for China amounts to $350 are true.
The minister also confirmed that the volume of natural gas supplies to China under the contract exceeds 1 trillion cubic meters within 30 years.
On Thursday, Russian Economic Development Minister Alexei Ulyukayev has disclosed the price set for China under the landmark gas contract signed May 21. According to the minister, it will be about $350 per 1,000 cubic meters.
“Gazprom representatives said that the price of deliveries is a commercial secret. In my estimates, it will stand at about $350,” Ulyukayev said in an interview with Bloomberg TV. The price is lower than the average gas price for the EU.
Gazprom and China National Petroleum Corporation (CNPC) signed a 30-year contract on Russian natural gas supplies to China via the eastern route worth a total of $400 billion. The document was signed in the presence of Russian President Vladimir Putin and his Chinese counterpart Xi Jinping.
Putin said after the signing ceremony that Russia and China would also start to work on the western route of natural gas deliveries to China from Western Siberia.
The Russian government may introduce preferences on the mineral extraction tax (MET) for producers of gas to be supplied to China only after a thorough discussion, Ulyukayev added.
On Wednesday, Gazprom CEO Alexei Miller said that the deposits producing gas to be supplied to China will have MET preferences.
“This issue must be discussed. I think that the Finance Ministry will have a different point of view,” Ulyukayev said.
The minister also said that the supplies to China will be profitable.