Gazprom and CNPC agree to bring daily exports of gas to China via Power of Siberia to maximum contractual volume ahead of schedule

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dai Houliang, Chairman of the Board of Directors of CNPC (China), took place today in Beijing, China.

The parties considered matters related to the prospects of strategic cooperation in a wide range of activities. It was pointed out that there is a high level of trust and partnership between the companies.

Particular attention at the meeting was paid to Russian gas exports to China. Gazprom provides reliable supplies via the eastern route, i.e. the Power of Siberia gas pipeline, which are regularly in excess of the daily contractual obligations of the Company.

At the meeting, the parties signed a Supplementary Agreement to the Sales and Purchase Agreement for Russian gas to be supplied via the eastern route. In line with the request of the Chinese partners, the parties agreed upon additional supplies to be performed in December 2024. Thus, the daily exports of gas to China via the Power of Siberia pipeline will be brought to the maximum contractual level ahead of schedule (not in early 2025, as had been previously planned).

The construction works on the second, i.e. Far Eastern, route are proceeding on schedule.

It was noted at the meeting that the companies continue their successful collaboration in the area of personnel training, as well as in sci-tech and cultural projects. For instance, the 14th Gazprom and CNPC Arts Festival was held this year in China. Events of this kind stimulate intercultural dialogue, build confidence and strengthen friendship between nations.