The Russian government approved an agreement with China on gas supplies

The Russian government approved an agreement with China on the supply of natural gas via the “Far East” route, signed on January 31, 2023. Decree published on the official Internet portal of legal information.

“To approve the Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on cooperation in the field of natural gas supplies from the Russian Federation to the People’s Republic of China along the “Far East” route, signed in Moscow and in Beijing on January 31, 2023, – says in the document.

The decree, signed by Russian Prime Minister Mikhail Mishustin, specifies that a draft law on the ratification of this agreement will be submitted to the State Duma. State Secretary – Deputy Energy Minister Anastasia Bondarenko has been appointed as the official representative of the government during the consideration of the bill by the chambers of the Federal Assembly.

Russia and China signed an intergovernmental agreement on gas supplies via the “Far East” route in January of this year. 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 CNPC in China.

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 has already ongoing.

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.