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Russia to ramp up energy supplies to China – deputy PM

July 24th, 2024
Categories: News

Link: https://www.rt.com/business/601546-russia-china-energy-cooperation/

The pipeline’s operator, Gazprom, supplies natural gas to Russia’s Asian neighbor under a long-term contract it sealed with the China National Petroleum Corporation (CNPC). The Power of Siberia is part of a $400 billion, 30-year agreement between Gazprom and CNPC which was clinched in 2014. “Pipeline gas supplies are growing … Next year we will reach 38 billion cubic meters. This is a contractual obligation, the maximum volume that we will reach under the contract,” Novak told reporters on Tuesday.

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