Gazprom will supply an additional 10bn m³/yr of gas to CNPC
Letter from China: Beijing strengthens gas ties with Moscow
China is considering importing more pipeline gas from Siberia, but competition from LNG may cap the scale of these volumes
China’s new contract to buy more Russian gas marks a deepening of the relationship between the two countries at a time of heightened geopolitical tensions between Moscow and the West over Ukraine. But it does not necessarily mean a follow-up to the historic megadeal signed in 2014 is a foregone conclusion. Russia’s state-controlled Gazprom said early this month that it had signed a contract to supply an additional 10bn m³/yr of gas to China’s CNPC. The long-term SPA adds to the 30-year deal signed in 2014 for 38bn m³/yr, deliveries from which began in December 2019 via the Power of Siberia pipeline. The new deal—under negotiation since 2015—is for the supply of gas from Russia’s Far East to
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
