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Russian gas supplies to China under new contract begin from 2019

May 23, 2014, 19:17 UTC+3
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ST. PETERSBURG, May 23. /ITAR-TASS/.Gazprom CEO Alexei Miller has ordered to start practical implementation of Gazprom's project on gas supplies to China. He added that Russian gas supplies to China under the new contract will begin from 2019. 

Russia’s gas giant Gazprom is ready for closer formats of cooperation with China after it gains experience in pumping Russian gas to the border, Gazprom CEO Alexei Miller said on Friday at the St. Petersburg International Economic Forum.

So far, according to Miller, Gazprom does not plan to take part in projects linked with gas sales in China and in gas infrastructure development projects in that country. “So far, we have not discussed such options,” he said.

On May 21, 2014, Gazprom signed a contract on gas supplies to China worth $400 billion US. Gazprom plans to reach the designated gas pumping volume in a span of five years after the beginning of gas supplies. The price for Russian gas will thus be $380-390  per 1,000 cubic metres.

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