The head of Gazprom noted that negotiations on the terms of gas supplies will enter the final phase in the fall of 2017.
Supplies of Russian gas via the Power of Siberia pipeline to China will start on December 20, 2019, Gazprom CEO Aleksei Miller told reporters.
According to the head of Gazprom, "very important agreements have been reached, because in fact the project Power of Siberia and the beginning of gas supplies to China are passing to the final, key stage. Gazprom, like our Chinese partners, is implementing the project strictly on schedule, even ahead of it, this concerns the construction and the linear part of the gas pipeline and this also concerns the development of the Chayandinskoye field," Miller said. "There is no doubt that on December 20, 2019, Russian gas supplies to China will begin," he said.
According to him, until 2019, respectively, the remaining part of the gas pipeline will be completed - 2 thousand 156 km.
Currently, Gazprom is building the Power of Siberia gas pipeline, through which gas from the fields of Eastern Siberia (Chayandinskoye in Yakutia and Kovykta in the Irkutsk region) will be transported both to the domestic Russian market and to China. The project of gas supplies to the eastern regions of China is also called the "eastern route."
Investments of Gazprom in the Power of Siberia pipeline in 2017 are increased to 158.811 billion rubles from 76.162 billion rubles.
According to the contract signed on May 21, 2014 between Gazprom and CNPC, 38 billion cubic meters of gas per year will be delivered via the "eastern route" within the period of 30 years. The amount of the contract is $ 400 billion.
In 2015, Gazprom and CNPC signed an agreement on the main conditions for pipeline gas supplies from Western Siberia to China via the "western" route (the Power of Siberia-2 gas pipeline).
Initially, it is planned to supply 30 billion cubic meters of gas to China per year. Also in 2015, Gazprom and CNPC signed a memorandum of understanding on the pipeline supply of natural gas to China from the Russian Far East.