27 Nov 2023 09:40

Gazprom reports new daily record of gas supplies to China via Power of Siberia pipeline

MOSCOW. Nov 27 (Interfax) - Supplies of Russian gas to China via the Power of Siberia pipeline have reached another all-time high, Russia's Gazprom said.

A new record was set on Saturday, and the previous one on Thursday.

"On November 25, the Chinese side's bid for supplies of Russia gas via the Power of Siberia gas pipeline once again exceeded the daily contractual requirements. Gazprom delivered all requested amounts and set a new historic record of daily supplies of gas to China," the Russian company said.

Supplies are ongoing as part of the bilateral long-term contract for sales of gas signed between Gazprom and the China National Petroleum Corporation, it said.

Supplies of Russian gas to China began from the Chayanda field in Yakutia in 2019. The Kovykta field in the Irkutsk region was connected to the pipeline in December last year.

Shipments are due to be ramped up to 38 billion cubic meters per year over the first five years. Gazprom supplied 10.39 bcm of gas to China via the pipeline in 2021 and 15.4 bcm in 2022.

Gazprom plans to supply 22 bcm of gas in 2023. However, Gazprom CEO Alexei Miller said in late October that the extra supplies of Russian gas to China may reach 600 mcm in 2023 due to regularly exceeded daily bids.