Gazprom updated the record for daily pipeline gas exports to China
[ad_1]
Gazprom Company (MOEX: GAZP) (MOEX: GAZP) reported that in early January it brought daily gas supplies to China via the Power of Siberia pipeline to a “fundamentally new level.” On January 2, this level was exceeded and updated the historical record for daily exports, the company said in a statement in Telegram channel.
At the end of 2023, gas exports to China amounted to 22.7 billion cubic meters. m, which is 700 million cubic meters. m above contractual obligations. This volume is also one and a half times more than in 2022 (15.4 billion cubic meters), Gazprom added.
“New daily records were recorded throughout the year. This indicates China’s interest in Russian pipeline gas and the reliability of Gazprom as a supplier and partner,” the statement said.
Supplies, as the company clarified, are taking place under a bilateral long-term gas purchase and sale agreement between Gazprom and the Chinese company CNPC. In 2025, the company plans to reach full export capacity of 38 billion cubic meters. m of gas per year.
In the next 15 years, Gazprom is going to strengthen its presence in the Central Asian market against the backdrop of declining supplies to the European market. The head of the company, Alexey Miller, in particular, announced his readiness to increase supplies to Kazakhstan, Uzbekistan and Kyrgyzstan, as well as expand existing capacities and gasification.
Read more in the Kommersant article. “Gazprom is turning to the south”.
[ad_2]
Source link
