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The first deliveries of Russian gas to China will begin in 2019 year

The head of Gazprom, Alexei Miller, signed an order to start the practical implementation of Gazprom's project to supply gas to China. According to him, the first deliveries of Russian gas in accordance with the signed contract will begin in 2019.

Miller also said that Gazprom is ready to move to more advanced forms of cooperation with China after gaining experience in delivering Russian gas to the border. This was announced to reporters at the SPIEF-2014 by the head of Gazprom Alexei Miller.

According to him, so far there is no talk of Gazprom's participation in projects related to the sale of gas in the PRC and gasification projects. "We haven't discussed this yet," Miller added.

Deputy Prime Minister of the Russian Federation Arkady Dvorkovich, on the sidelines of SPIEF 2014, commented to journalists on the statements of analysts who claim that the contract between Gazprom and CNPC is unprofitable.

“Some analysts are talking nonsense. They don’t imagine the whole contract, it’s a profitable contract. Price is one element of the contract. There are other elements that cover the costs of the contract,” he said, noting its multiplier effect and the fact that the contract provides investment for Gazprom.

"We decided to give some tax preferences for Gazprom to make this project profitable, these are significant preferences. We are not canceling export duties, but there will be significant benefits for some other taxes paid by Gazprom," Dvorkovich added.

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