Novak announced an imminent agreement with China on gas supplies from the Far East
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Deputy Prime Minister Alexander Novak announced the signing of an intergovernmental agreement between Russia and China on the supply of Russian gas from the Far East. According to the Deputy Prime Minister, Russia also continues to discuss with China deliveries via the Power of Siberia-2 through the territory of Mongolia.
According to Alexander Novak, Gazprom and the China National Oil and Gas Corporation have signed an agreement to supply another 10 billion cubic meters via the Far East route. m of gas. “In the near future we must reach the signing of an intergovernmental agreement. This is the project that will be in the future,” Mr. Novak said.
According to the Deputy Prime Minister, China pays for gas supplies in a parity format: now for rubles, now for yuan. “We are switching to mutual settlements in national currencies and in rubles and yuan. As an example, today gas supplies between Gazprom and China are carried out on a parity basis. Deliveries of oil and oil products are also converted into national currencies,” he added.
The Deputy Prime Minister also said that in 2022 Russia and China increased their trade turnover in the energy sector (this includes the supply of oil, gas, coal and electricity) by 64% in monetary terms and by 10% in physical terms.
O signing The company announced the second agreement on gas supplies from the Far East on February 4th. In 2019, Gazprom and the China National Petroleum Corporation (CNPC) signed the first agreement on the main conditions for the supply of Russian gas from the Russian Far East to China. Gazprom is also working on the Soyuz Vostok gas pipeline project through Mongolia, which should become a continuation of the planned Power of Siberia-2 gas pipeline. In 2023, Power of Siberia plans to supply 22 billion cubic meters. m of gas informed Alexander Novak.
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