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The contract for the supply of Russian gas to China is at the final stage of preparation

The contract for the supply of Russian gas to China is on the final completion line, Deputy Energy Minister of the Russian Federation Anatoly Yanovsky said at a press conference today.

Gazprom is in talks with China Natural Gas and Petroleum Corporation (CNPC). The contract is in a high degree of readiness - about 98%. Moreover, the last point can be made after the visit of the Russian President to the PRC. We are moving towards each other and, I hope, we will be able to reach agreements, "Yanovsky stressed.

He noted that the 30-year contract with China, designed to supply 38 billion cubic meters per year, was developed for a very long time. This is due to the large amount of work required to successfully conclude a contract.

“For the first time in our recent history in our relations with the PRC, we have implemented a project related to the construction of an oil pipeline system, and now we are talking about creating a gas pipeline system. We have never spoken between us about the development of Siberia and the Far East for the sale of raw materials in the eastern direction and about many other things. And now our dialogue includes the development of deposits, their preparation for transportation in the eastern direction. That is why our negotiations were so long, "the deputy minister concluded.

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