Russia and China agreed to pay for gas supplies to China in the national currencies of the countries
Gazprom and CNPC are joining additional parties to the main gas purchase and sale agreement for the “eastern route” – the Power of Siberia gas pipeline. In particular, a transition to the wholesale sale of gas in China in the national currencies of the countries – rubles and yuan was recorded. It is reported by Gazprom.
Chairman of the Board of Directors of Gazprom Alexey Miller and Chairman of the Board of Directors of CNPC. In particular, the project of supplying gas from Russia to China along the “Far Eastern route”. It was noted that Gazprom has started designing the gas pipeline. It is reported by Gazprom.
Particular attention was paid to the Power of Siberia-2 gas pipeline in Russia and the Soyuz Vostok gas pipeline in Mongolia, which links the Russian and Chinese gas transmission systems.
Recall that in 2014, Gazprom and CNPC signed a 30-year gas purchase and sale agreement along the “eastern” route (via the Power of Siberia gas pipeline) in the amount of 38 billion cubic meters. m of gas per year. offer of Russian gas in China, held on December 2, 2019.
In August 2022, a signed gas purchase and sale agreement is expected along the “Far Eastern route”. After the project reaches its full capacity, mass gas consumption in China will increase by 10 billion cubic meters. m and received 48 billion cubic meters. m per year.
In 2020, Gazprom began to assess the possibility of selling gas to China through Iran in the amount of up to 50 billion cubic meters. m of gas per year. In anticipation of 2022, design and survey work is expected as part of the Soyuz Vostok gas pipeline construction project. It will pass through the territory of Mongolia and will become a continuation of the Russian gas pipeline Power of Siberia-2.
PJSC Gazprom (TIN 7736050003) is an international gas company. The authorized capital of Gazprom is 118.367 billion rubles. 23673512900 ordinary shares with par value of 5 rubles were issued. The number of Gazprom’s shareholders in Russia and abroad is several hundred thousand. The Russian Federation controls over 50% of the company’s shares. The Gazprom ADR program depositary is The Bank of New York Mellon.
Gazprom’s profit under IFRS for 2021 incurred 2.16 trillion rubles. compared to 162.4 billion rubles. a year earlier. EBITDA increased by 151% to RUB 3.68 trillion. Net revenue from gas sales increased by 85% to RUB 5.65 trillion. from 3.05 trillion rubles. Net proceeds from the sale of oil and gas products increased by 44% to RUB 2.59 trillion. Net proceeds from the sale of crude oil and gas condensate increased by 81% to RUB 882.15 billion.
CNPC is an east China oil and gas company. The headquarters is in Beijing.