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Gazprom to supply about 31 bcm of gas via Power of Siberia to China in 2024

Gazprom Alexey Miller recalled that on December 1 Gazprom had brought the Power of Siberia pipeline to its maximum design capacity of 38 billion cubic meters of gas per year

MOSCOW, December 26. /TASS/. Gazprom will exceed its plan for gas deliveries to China in 2024 and supply about 31 billion cubic meters of gas via the Power of Siberia pipeline, the holding's head Alexey Miller said at a meeting devoted to summing up the preliminary results of the year.

"We already know for sure that by the end of 2024 we will exceed the plan for gas supplies to China, which is] 30 billion cubic meters. We will supply about 31 billion. Of course, such a start of Power of Siberia operation already at maximum design capacity gives us reason to believe that in 2025 we will supply China with gas above our contractual obligations," he said.

Miller recalled that on December 1 Gazprom had brought the Power of Siberia pipeline to its maximum design capacity of 38 billion cubic meters of gas per year and has already broken the daily gas supply record twice in three weeks, exceeding the maximum daily contractual obligations.

The company is also working on its "Far Eastern" supply route to China, which it will launch in January 2027.

Supplies via Power of Siberia amounted to 4.1 billion cubic meters in 2020, 10.39 billion cubic meters in 2021, 15.4 billion cubic meters in 2022, 22.73 billion cubic meters in 2023 and by the end of 2024 they will exceed Gazprom's contractual obligations for this year. Earlier, the holding's deputy CEO Vitaly Markelov said that Gazprom's deliveries to China in 2024 exceed the planned contract volumes by 1 billion cubic meters.

Power of Siberia is the largest gas transportation system in eastern Russia, the export capacity of the gas pipeline is 38 billion cubic meters of gas per year. The first pipeline deliveries of Russian gas to China via the eastern route began in December 2019 under a 30-year contract concluded in 2014 between Gazprom and China's CNPC. The total volume of deliveries for the entire period will amount to more than 1 trillion cubic meters of gas, the contract amount is $400 billion.

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