China is one of the most dynamic gas markets and the largest importer of natural gas in the world.
Alexey Miller and Zhou Jiping, Chairman of CNPC, sign Sales and Purchase Agreement for Russian gas to be supplied via eastern route, in presence of Vladimir Putin, President of Russian Federation, and Xi Jinping, President of People’s Republic of China, on May 21, 2014. Photo by RIA Novosti
On May 8, 2015, Gazprom and CNPC inked the Heads of Agreement for pipeline deliveries of natural gas from Western Siberian fields to China via the western route (Power of Siberia 2 gas pipeline).
On June 25, 2016, Gazprom and CNPC signed the Memorandum of Understanding on gas storage and power generation in China.
In December 2019, the Company commenced the first-ever pipeline supplies of Russian gas to China via the Power of Siberia gas trunkline.
The Sales and Purchase Agreement provides for 38 billion cubic meters of Russian gas per year to be supplied to China via the eastern route as soon as the trunkline reaches its design capacity.
Ceremonial event marking start of Russian gas supplies to China via Power of Siberia gas pipeline, Atamanskaya compressor station, Amur Region, December 2, 2019
Developing gas resources and shaping gas transmission system in eastern Russia
In 2019, the Gazprom Group sold 1.5 billion cubic meters of natural gas to China, including 0.3 billion cubic meters of gas supplied via the Power of Siberia gas pipeline and 41.4 trillion BTU* of large-scale LNG.
* 1 trillion BTU is equivalent to 0.028 billion cubic meters or 0.021 million tons