September 18, 2014, 5:30 am
![Putin with Gazprom CEO Alexei Miller on 17 September 2014 [PPIO]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s1YlftokY_eoB5IcPlLGfFUwA-xVxLKD6t4mfpuOOIxWhW2vUyKVYZr8W5_BSxVTOnkOy-C-4xG45oostss2JgIGaSS1zJxh0qSOigiKDMRwLUUIsB-YcwdowwYp2-Ge0vMCyMNJdld1y7tvW6Dw=s0-d)
Putin with Gazprom CEO Alexei Miller on 17 September
2014 [PPIO]
Russia plans to sign a 30-year gas supply contract
with China via the western route, Russian energy giant Gazprom’s CEO Alexei
Miller told President Vladimir Putin on Wednesday. The route to supply gas
to China via western Siberia may be implemented faster than the eastern route,
through which Moscow has agreed to ship the fuel to its Asian neighbor in May.
“Gazprom plans to sign a contract to supply China with
30 billion cubic meters of natural gas via western route over thirty years,” Miller said.
The China-Russia West Route natural gas pipeline
project connects gas DEPOSITS
in Western Siberia and the northwestern part of
China via Russia’s Altai region, securing the world’s top energy user a major
source of cleaner fuel.
in Western Siberia and the northwestern part of
China via Russia’s Altai region, securing the world’s top energy user a major
source of cleaner fuel.
The potential of this route is “enormous”, the Gazprom
CEO told the Russian President.
“It is even greater than in Eastern Siberia and,
without a doubt, we can increase the volume of gas supplies very quickly via
the western route, depending on the growth in demand in the Chinese market,”
said Miller.
Gazprom is to sign the 30-year contract with China
National Petroleum Corporation (CNPC) in November. The DEAL will directly link Russia’s huge gas fields to
Asia’s booming market for the first time.
will directly link Russia’s huge gas fields to
Asia’s booming market for the first time.
Miller also said Gazprom might consider more than doubling the volume of
supply.
“We plan to sign a contract for a volume of 30 billion
cubic metres for 30 years, though the talks have also looked at other figures
for new contracts concluded for the western route. We are looking at the
possibilities for supplying 60 billion cubic metres or up to 100 billion cubic
metres of gas to China,” Miller told Putin in Moscow.
China and Russia signed a
$400-billion gas supply deal in May this year, opening up a new market for
Moscow as it risks losing European customers over the Ukraine crisis.
The Russian part of the joint venture pipeline,
officially dubbed “Power of Siberia”, will be built by Gazprom with a total
investment of $55 billion.
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