Gazprom said Wednesday that on May 30 Russian gas supplies to China through the Siberian Power pipeline reached a new all-time high.
“On May 30, the Chinese side’s offer for Russian gas supplies through the Siberian Power pipeline once again exceeded daily contractual obligations. Gazprom delivered all the volumes ordered, setting a new all-time record for daily gas supplies to China,” the company said in a statement.
The Russian company makes the gas deliveries under a long-term agreement with China National Petroleum Corporation (CNPC).
Russian gas supplies to China through Siberian Power are expected to reach 22 billion cubic meters by 2023.
����������#GAZP On May 30, the Chinese side’s bid for the supply of Russian gas via the Power of Siberia gas pipeline again exceeded daily contractual obligations. Gazprom delivered all the requested volumes and set a new historical record for daily gas supplies to China. — Gazprom
— Financial Sooth – Crypto Market News ��|��|�� (@financialsooth) May 31, 2023
By the end of 2022, Russia exported 15.5 billion cubic meters of gas to China through the Siberian Power pipeline, which is the largest gas transportation system in eastern Russia. The pipeline has an export capacity of 38 billion cubic meters of gas per year, expected to be reached by 2025.
Supplies began in 2019 from the Chayanda field in Yakutia under a 30-year contract signed in 2014 between Gazprom and China’s CNPC.
The Kovykta field in the Irkutsk region was connected to the pipeline in December last year.
