Gazprom and CNPC discuss Far Eastern gas route cooperation at Eastern Economic Forum
Quick Look
Gazprom CEO Alexey Miller and CNPC Chairman Dai Houliang discussed strategic cooperation on the Far Eastern gas route at the Eastern Economic Forum in Vladivostok, with supplies scheduled to begin in January 2027 via a long-term agreement signed in February 2022.
AI-generated summary
Why It Matters
Gazprom and CNPC have a long-term gas sales and purchase agreement for the Power of Siberia pipeline, and signed a separate agreement in February 2022 for gas supplies via the Far Eastern route.
VLADIVOSTOK, September 3. /TASS/. Gazprom CEO Alexey Miller and China National Petroleum Corporation (CNPC) Chairman Dai Houliang discussed strategic cooperation on the sidelines of the Eastern Economic Forum (EEF), including preparations for the start of Russian gas supplies to China via the Far Eastern route. The project is progressing on schedule, Gazprom said in a statement.
The next stage will involve commissioning work, the company said. The launch of the Far Eastern route will mark a significant milestone in Russian-Chinese gas cooperation and expand the infrastructure for reliable supplies for decades to come, Gazprom added.
Russian gas is currently supplied to China via the Power of Siberia pipeline, or the eastern route, under a long-term gas sales and purchase agreement between Gazprom and CNPC.
In February 2022, Gazprom and CNPC signed a long-term agreement for natural gas supplies via the Far Eastern route. Supplies are scheduled to begin in January 2027.
The Eastern Economic Forum is being held on September 1-4 in Vladivostok on the campus of Far Eastern Federal University. The forum is organized by the Roscongress Foundation with the support of the Russian government. TASS is the general information partner.
What to Watch
AI outlook — possibilities, not facts
Russian gas supplies to China via the Far Eastern route will begin in January 2027
Very likely · Within months
Open Questions
- What is the expected volume of gas supplies via the Far Eastern route?
- What infrastructure is being built for the Far Eastern route?
- Are there any geopolitical risks to the project timeline?
