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Gazprom brings gas supplies to China via Power of Siberia to target level beforehand

"An increase in supplies was ensured one month earlier than the initial deadline stipulated by the bilateral long-term gas purchase and sale agreement on the eastern route between Gazprom and the Chinese company CNPC," the statement reads

MOSCOW, December 2. /TASS/. Gazprom has brought daily supplies of gas to China via the Power of Siberia gas pipeline to the maximum contract level starting December 1 beforehand, the Russian gas holding said in a statement. The gas pipeline’s design capacity is 38 bln cubic meters per year.

"In accordance with the Chinese side’s request and the agreement signed, Gazprom ensured an increase in export of Russian natural gas to China via the Power of Siberia gas pipeline beforehand. Starting December 1, daily supplies have been brought to the maximum contract level. An increase in supplies was ensured one month earlier than the initial deadline stipulated by the bilateral long-term gas purchase and sale agreement on the eastern route between Gazprom and the Chinese company CNPC," the statement reads.

Gazprom and China’s CNPC agreed earlier on bringing supplies of Russian gas to China via Power of Siberia to the maximum level starting December 2024 instead of the beginning of 2025. Previously the Russian gas producer planned to bring this gas pipeline to its design capacity of 38 bln cubic meters starting from January 1, 2025.

Supplies via the Power of Siberia totaled 4.1 bln cubic meters in 2020, 10.39 bln cubic meters in 2021, 15.4 bln cubic meters in 2022, and 22.73 bln cubic meters in 2023, while in 2024 they will exceed Gazprom’s contract liabilities for this year.

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