NATO chief concerned over Russia's actions in SyriaWorld October 26, 18:28
Armed OSCE mission may be deployed to Donbass after security zones set up — diplomatRussian Politics & Diplomacy October 26, 18:18
Diplomat: Humanitarian organizations fail to ensure evacuation from AleppoRussian Politics & Diplomacy October 26, 18:15
First footage of post-Soviet Joint Air Defense System drillsMilitary & Defense October 26, 18:15
Putin says Kerch Bridge will allow to carry up 13 mln vehicles per yearBusiness & Economy October 26, 17:59
Another German delegation gearing up for possible visit to Crimea in JanuaryWorld October 26, 17:42
Russia expects opening of major oilfields in West Siberia next yearBusiness & Economy October 26, 17:37
Russian defense minister suggests joint engineering troops’ drills with IndiaMilitary & Defense October 26, 17:33
Russia calls on media to focus on Mosul’s children killed during US-led coalition strikesRussian Politics & Diplomacy October 26, 17:14
ATHENS, May 29. /ITAR-TASS/. Russia’s contract on gas supplies to China was a milestone event opening competition of world markets for Russian gas resources, Alexei Miller, the CEO of Russia’s gas giant Gazprom, said on Thursday.
“Last week saw a really historic event: we signed a contract on gas supplies to China,” Miller said at the 17th annual general meeting of the European Business Congress in Athens. “This is a long-term contract - it provides for the supply of 38 billion cubic meters of gas for a period of 30 years. Worth $400 billion, it is the biggest contract in the entire history of the gas sector.”
“This is really a milestone event: Russia’s Gazprom with its pipeline gas has entered the Asian market, the biggest and most dynamically developing market, which opens vast possibilities for suppliers,” he noted. “We are yet to understand the significance of this contract, since it will undoubtedly influence gas prices in Europe. This contract has turned a new page, which is called competition for Russian gas reserves between biggest markets. It is likewise evident that this contract will influence very expensive LNG projects in Australia, Western Canada, Eastern Africa.”
Nonetheless, Europe, according to the Gazprom CEO, has always been and will be number one market for Russia. “Gazprom will spare no effort not only to keep its share on the European market but to increase it, but, at the same time, it will expand its presence on the Asian market,” he said. “The 38-billion-cubic-meter contract is just the beginning. We have more contracts ahead."