Gazprom's exports to China rose 61% in 7M
MOSCOW. Aug 1 (Interfax) - Gazprom increased gas exports to China through the Power of Siberia pipeline 60.9% in the first seven months of 2022, the Russian gas giant said.
"Exports of gas to China through the Power of Siberia pipeline are growing within the framework of a long-term bilateral contract between Gazprom and CNPC, growing 60.9% in seven months. Supplies in July in particular were regularly above the daily contract amount, hitting new all-time highs for daily export volumes three times," Gazprom said.
Supplies of Russian gas through Power of Siberia to China from the Chayanda field in Yakutia began at the end of 2019. They are due to be ramped up to 38 billion cubic meters per year in the first five years.
Gazprom supplied 10.39 bcm of gas to China through Power of Siberia in 2021, 390 million cubic meters above the contract amount. "Daily supplies of gas through the Power of Siberia pipeline exceeded Gazprom's daily contract obligations by a third starting in November 2021 in connection with weather conditions and higher demand on the Chinese gas market," Gazprom said in its annual report.