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MOSCOW, April 24. /TASS/. Deputies of Russia’s State Duma (lower house of Parliament) ratified the agreement on natural gas supplies to China via western route.
The plan is to launch supplies of natural gas from the Chayandinskoye and Kovyktinskoye natural gas fields in 2019 of up to 5 bln cubic meters annually with further boost of supplies to 38 bln cubic meters of gas by 2024.
The agreement between the Russian and the Chinese governments on Russia’s natural gas supplies to China via the western route was singed in Moscow in 13 October 2014. The agreement was commencement provision for the sale and purchase western route natural gas contract inked on 21 May 2014 by Russia’s Gazprom and China’s CNPC. The contract worth $400 bln stipulates 38 bln cubic meters of gas to be supplied from Russia to China within the next 30 years.