The government submitted for ratification an agreement on gas supplies to China via the “Far Eastern” route
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The Cabinet of Ministers of the Russian Federation approved and decided to ratify the intergovernmental agreement with China on the supply of Russian gas via the “Far Eastern” route. Document published on the official Internet portal of legal information. As Kommersant wrote, the agreement governs construction and operation of a gas pipeline across the Ussuri River near the cities of Dalnerechensk and Khulin.
Russia and China signed agreement on January 31, 2023. It was agreed that Gazprom would be the sole supplier of gas through the pipeline. The branch in China will be serviced by the China National Pipeline Corporation.
The Russian company indicated that when the facility reaches full capacity, the volume of Russian pipeline gas supplies to China will increase by 10 billion cubic meters. m per year and will reach 48 billion cubic meters. m per year.
In 2022, Russia through the Power of Siberia gas pipeline put in China, a record 15.5 billion cubic meters. m of gas. By data Chinese customs, the volume of funds received by Russia for the supply of pipeline gas to China from January to November 2022 increased to $3.5 billion (up 177% year-on-year).
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