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Gazprom signed a contract with CNPC
Gazprom and CNPC have signed a contract on gas supplies to China, Vedomosti newspaper reports with reference to Prime. The document was signed during Vladimir Putin's visit to Shanghai in the presence of Russian President and Chinese President Xi Jinping. The companies entered into an agreement for the sale and purchase of natural gas for delivery via the eastern route.
According to one of the participants in the process, signing the contract “was not easy. The negotiation group is squeezed out like a lemon. The scales in the direction of signing really tilted only at 12 Moscow time. " According to him, we are talking about “38 billion cubic meters. m of gas per year "on the bar", the term of the contract - 30 years. “This is more than a trillion cubic meters in total,” Vedomosti quoted the source as saying. According to the chairman of the board of Gazprom A. Miller, the contract price will be $ 400 billion.
Based on the total amount of the contract ($ 400 billion over 30 years), if the annual deliveries amount to 38 billion cubic meters. m, the price of the Chinese contract is about $ 350 per 1 cubic meters. m, the analyst of VTB Capital Ekaterina Rodina calculated.
Negotiations on the supply of Russian gas to China are coming from 2004. In March 2013, it was decided to limit ourselves to the eastern route with the volume of up to 38 billion cubic meters. m per year. He assumes the construction of the "Siberia Power" gas pipeline in the ESPO pipeline from the Chayandinskoye field in Yakutia to Vladivostok with a branch to China in the Blagoveshchensk area. Supplies are also planned to be carried out from the Yuzhno-Kirinskoye field on the Sakhalin shelf.