Putin ratified an agreement with China on cooperation in gas supplies

Russian President Vladimir Putin signed a law on the ratification of an intergovernmental agreement with China on cooperation in the field of natural gas supplies from Russia to China via the Far East route. Document published on the portal of legal information.

On January 31, 2023, Russia and China signed an intergovernmental agreement on gas supplies via the Far East route. includes GIS and launch station). “Gazprom» is responsible for the design, construction and operation of the site in Russia, and CNPC in China.

Government approved May 12 agreement. The next day the cabinet introduced for ratification by the State Duma. On May 31, the law was adopted by the lower house, and on June 7 it was approved by the Federation Council.

In addition, in February 2022 “Gazprom» concluded with China, the second long-term contract for the sale of gas. Thus, along the “Far East” route, gas supplies to China will amount to 10 billion cubic meters. m per year. Also, Gazprom is negotiating the supply of 50 billion cubic meters. m of gas to China through Mongolia, the design of the gas pipeline is already underway.

Previously at Gazprom declaredthat Russia could become China’s largest gas supplier in the near future. In 2022, Russia delivered a record 15.5 billion cubic meters to China via the Power of Siberia gas pipeline. m of gas. It is expected that by 2024 the volume of exports through the gas pipeline should grow to 38 billion cubic meters. m per year., and taking into account the “Far East” route and gas supplies to China through Mongolia – up to almost 100 billion cubic meters. m per year.