Gazprom and China National Petroleum Corp. (CNPC) signed a long-term sales and purchase agreement for natural gas to be supplied via the Far Eastern route.
When the project reaches full capacity, Russian pipeline gas supplies to China will grow by 10 billion cu m (bcm), totaling 48 bcmy (including deliveries via the 4,000 km Power of Siberia gas trunkline).
This is the second long-term sales and purchase agreement for gas to be signed by the companies. In 2014, Gazprom and CNPC signed a 30-year agreement for 38 bcm via the eastern route (Power of Siberia pipeline) and 30 bcm via the western route (Altai pipeline) (OGJ Online, Nov. 11, 2014).
In January 2022, a feasibility study was completed for the Soyuz Vostok gas trunkline construction project. The trunkline will become an extension of Russia's Power of Siberia 2 gas pipeline in Mongolian territory and will make it possible to supply up to 50 bcm to China.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).