Support The Moscow Times!

China Gas Deal Closer

Gazprom and China's CNPC have agreed on all but the starting point of indexed prices on Russian gas supplies to China, Gazprom deputy chairman Alexander Medvedev said at the World Gas Congress in Kuala Lumpur, Interfax reported Wednesday.

"The Chinese side proposed an integrated approach — jointly transporting gas to the target markets and jointly marketing it. We agreed to consider whether it's a place to bring in additional revenue," Medvedev said.

The Gazprom press service reported that Medvedev and CNPC vice president Wang Dongjin discussed supplying liquefied natural gas. Medvedev told reporters Wednesday that the capacity of the LNG plant in Vladivostok could be up to 25 million tons per year, rather than 10 million tons per year as mentioned earlier. Gazprom also said there is a "good chance" that all three phases of its Shtokman gas field will be developed into liquefied natural gas.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.