State Duma approves agreement with China on gas supplies
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The State Duma approved the government bill on the ratification of an agreement with China on the supply of natural gas along the “Far East” route.
Russia and China signed this agreement on gas supplies via the “Far East” route on 31 January. It is assumed that the cross-border section of the gas pipeline will start at a gas metering station (GIS) in Russia in the Dalnerechensk region and end at the Hulin launch station in China (does not include GIS and the launch station). “Gazprom” is responsible for the design, construction and operation of the site in Russia, and the China National Petroleum Corporation (CNPC) is in charge of China.
The agreement also regulates the passage of personnel and equipment across the border of the two countries, the procedure for customs operations, etc. In particular, goods for design and survey work, the construction and operation of an underwater crossing are exempt from export customs duties, and a simplified visa-free procedure for the passage of goods will be introduced for the necessary personnel. in a closed zone on the territory of states.
Government of the Russian Federation approved agreement on May 12, and the very next day the bill was submitted to the State Duma.
February 2022Gazprom» 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.
In 2022, Russia delivered a record 15.5 billion cubic meters to China via the Power of Siberia gas pipeline. m of gas, exports increased by 49% compared to 2021, Deputy Prime Minister Alexander Novak said. Deliveries through the Power of Siberia began in 2019, within five years the volume of exports should grow to 38 billion cubic meters. m per year. After the Far East route reaches full capacity, volumes will increase to 48 billion cubic meters. m per year.
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