IRKUTSK, March 27 (RIA Novosti) – Russia’s energy giant Gazprom may conclude a multi-billion dollar agreement on Russian natural gas supplies to China in two months, Gazprom deputy CEO Valery Golubev told reporters Thursday.
The current standoff between Russia and the EU over Crimea is likely to give an impetus to Moscow’s long-awaited agreement on exporting up to 60 billion cubic meters of gas per year to via the eastern route to China, the major market for Russian gas in the Asia-Pacific region.
“We are in talks with Chinese partners, we have determined a price formula and volumes and can possibly reach an agreement with China in the next two months,” Golubev said.
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The project envisages the construction of a new Russian pipeline to China. Gazprom has delayed its launch to 2020 from 2018 expected earlier.
Full article: Gazprom May Reach China Gas Supply Deal by June (RIA Novosti)
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