Background
Gazprom’s main partner in China is CNPC, a state-owned oil and gas company.
In 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for 38 billion cubic meters of gas per year to be supplied via the eastern route (Power of Siberia gas pipeline). The ceremony marking the start of the first-ever pipeline supplies of Russian gas to China took place on December 2, 2019.
The long-term Sales and Purchase Agreement for natural gas to be supplied via the Far Eastern route was signed in February 2022. As soon as the project reaches its full capacity, the amount of Russian pipeline gas supplies to China is going to grow by 10 billion cubic meters, totaling 48 billion cubic meters per year.
In November 2023, Gazprom, CNPC and China Oil & Gas Pipeline Network Corporation (PipeChina) signed the Agreement that governs the cooperation between the parties with regard to the design development and construction of the trans-border section of the gas pipeline for gas supplies to China via the Far Eastern route.
