Miller spoke about the negotiations with China via the Western route gas supplies

© RIA Novosti / Alexei Danceparty in fotoreceptor of the Board of JSC Gazprom Alexei Miller at the meeting of shareholders of JSC Gazprom in Saint Petersburg. 29 Jun 2018Miller spoke about the negotiations with China via the Western route gas supplies© RIA Novosti / Alexei Danceparty the image Bank

Negotiations «Gazprom» with China via the Western route of gas supply continues, the question is raised at every meeting with CNPC; China’s need in supplies of Russian pipeline gas is estimated to 110 billion cubic meters per year, said the head of Russian gas giant Alexei Miller told reporters.

«The question for this project is discussed at every meeting with the leadership of CNPC (China national petroleum Corporation. – Approx. ed.). These meetings are held regularly, so the topic is not closed, the talks are ongoing given the fact that we see that the Chinese market is generally the most prosperous in the world,» said Miller.

«However, targets set in China is to go to the gas share in their country from 7% to 10%. This means that China may soon reach the number of 360 billion cubic meters of gas. According to our medium-term forecasts, to 2035, the need for pipeline supplies of Russian gas to China can range from 80 to 110 billion cubic meters», — said the head of «Gazprom».

Gazprom and China’s CNPC in may 2014 signed a Treaty on supplies of Russian gas to China via the Eastern route. The contract concluded for 30 years provides for the annual supply of 38 billion cubic meters of Russian gas to China through the pipeline «Power of Siberia». Deliveries are scheduled to begin on 20 December 2019.

After a year of the company and signed another agreement on gas supplies to China via the Western route, which was named «Power of Siberia-2». The Western route envisages the creation of a new pipeline system «Power of Siberia-2» in the existing transport corridor from Western Siberia to Novosibirsk with subsequent continuation to the Russian-Chinese border.