MOSCOW — Russia will invest US$55 billion and China roughly US$20 billion in order to realize their US$400 billion gas supply contract, Russian President Vladimir Putin said Wednesday.
Russia's Gazprom and China's National Petroleum Corporation during the "Conference on Interaction and Confidence Building Measures in Asia" in Shanghai, signed a deal that will see Russia supply China with gas for 30 years.
Aleksei Miller, Gazprom's Chief Executive, told reporters that nearly 38 billion cubic meters of natural gas are expected to be exported to China annually. Miller added that this amount could be increased to 60 billion cubic meters later on. However, the pricing remained undisclosed.
Russia plans to use the expanded versions of the "Power of Siberia" and "Altai" pipelines to bring the gas to China.
"Power of Siberia" transports the gas exploited from the northeastern Yakutia and the Irkutsk region via Khabarovsk to Vladivostok. The "Altai" pipeline will transport gas from Western Siberia.
About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Please
click
to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the
cookies
used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan
çerezlerle
ilgili bilgi almak için lütfen
tıklayınız.
