Russia, China to sign government agreement on gas supplies via eastern route

Russia’s gas producer Gazprom and China National Petroleum Corporation agreed in May that Russia will supply China with 38 billion cubic meters of gas starting from 2018-2019

The intergovernmental agreement to seal the deal to supply Russian natural gas to China via an eastern route will be signed during a meeting of the two countries’ prime ministers, Dmitry Medvedev and Li Keqiang, in Moscow, the source said.

“Energy remains the driver of economic cooperation between Russia and China,” the government source said. “Our countries are consistently moving towards forming a strategic energy alliance.”

Russia’s state-controlled oil and gas giants, Rosneft and Gazprom, will also sign agreements to deepen energy cooperation with CNPC.

Natural gas will be supplied to China via the east-bound Power of Siberia pipeline, the construction of which was launched by President Vladimir Putin on September 1.

Gazprom said it is capable of more than doubling natural gas supplies to China to 100 billion cubic meters annually, including via the western route connecting fields in Western Siberia with north-west China through the Altai republic.

Full article: Russia, China to sign government agreement on gas supplies via eastern route (ITAR-TASS)

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