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International


RUSSIA’S PIPE-GAS FLOWS TO CHINA AT NEW DAILY RECORD

By Bloomberg News
December 08, 2024 at 8:12AM EST

A Gazprom logo at the Comprehensive Gas Treatment Unit No.3 of the Gazprom PJSC
Chayandinskoye oil, gas and condensate field, a resource base for the Power of
Siberia gas pipeline, in the Lensk district of the Sakha Republic, Russia, on
Monday, Oct. 11, 2021. Amid record daily swings of as much as 40% in European
gas prices, Russian President Vladimir Putin made a calculated intervention to
cool the market last week by saying Gazprom can boost supplies to help ease
shortages. Photographer: Andrey Rudakov/Bloomberg (Andrey Rudakov/Bloomberg)

(Bloomberg) -- Gazprom said it set a new record for daily pipeline gas supplies
to China on Saturday. 

Daily flows via the Power of Siberia gas link exceeded Russia’s maximum
contractual obligations, Gazprom said in a statement, without providing a
figure. 

On Dec. 1, Gazprom raised deliveries to the daily equivalent of 38 billion cubic
meters per year, the design capacity of the Power of Siberia, it said.

China is on track to become the largest market for Russia’s pipeline gas this
year, with Gazprom becoming more reliant on China as a buyer after most of its
European customers shunned Russian supplies in the wake of its invasion of
Ukraine.

©2024 Bloomberg L.P.


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