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Putin ratified agreement on gas supplies to China along the eastern route
Russian President Vladimir Putin signed a law ratifying an agreement on gas supplies via the eastern route to China, Interfax reports, citing the text of the document published on the website of legal information. The law was adopted by the State Duma on April 24 and approved by the Federation Council on April 29 this year.
An agreement between the governments of the Russian Federation and China on cooperation in the supply of natural gas from the Russian Federation via the eastern route was signed in Moscow in October 2014. It is assumed that gas supply will begin in 2019 with a volume of 5 billion cubic meters per year and will reach 2024 a year with 38 billion cubic meters. The resource base will be the new Chayanda and Kovykta deposits located in Yakutia and the Irkutsk Region.