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Volumes of gas supplies from Russia to China may exceed exports to Europe
Commenting on the signing by the Russian and Chinese leaders of a memorandum on gas supplies via the "western route", A. Miller said that the documents define the basic conditions for gas supplies to China in the amount of 30 billion cubic meters. The term of the contract is 30 years. In addition, further steps have been identified, such as the signing of the sales contract and the intergovernmental agreement.
Russia and China signed 17 documents, including a memorandum on gas supplies from Russia to China via the "western route".
The parties also signed a framework agreement between Gazprom and the China National Oil and Gas Corporation on the supply of natural gas from Russia to China, a memorandum of understanding between Gazprom and the China National Offshore Oil Corporation.