Gazprom chases China gas expansion
Now the Power of Siberia is operational, the Russian major is exploring additional pipeline options
Gazprom is pushing ahead with plans to ramp up its gas exports to China, seemingly undeterred by the market chaos created by the Covid-19 pandemic and a near one-fifth slump in its profits. The Russian gas giant began pumping gas to China in December, after launching its 38bn m³/yr Power of Siberia (PoS) pipeline. Work continues at the Chayandinskoye field, where PoS sources its gas, in order to raise its production to a plateau rate of 25bn m³/yr, Gazprom reported in mid-April. The company expects to reach this target in 2022-23. Chayandinskoye was placed under quarantine on April 17, according to local authorities. While Gazprom says production is unaffected by the lockdown, it has decline
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy