Gazprom has revealed plans to massively increase deliveries to the Asian countryRussian energy major Gazprom set a new daily record on December 28 for gas deliveries to China via the Power of Siberia pipeline, the CEO of the energy giant, Aleksey Miller, announced on Wednesday. Gazprom has ramped up supplies to the Asian country compared to what had previously been planned for December, exceeding daily contractual obligations by up to 18.7%, Miller said. Russia supplies gas to China via the Power of Siberia pipeline, a section of the so-called East Route, under a bilateral long-term agreement between the two countries. The mega pipeline, which is expected to be completed and become fully operational by 2025, will provide China with 38 billion cubic meters (bcm) of Russian natural gas annually starting in 2024. The project is a part of a $400 billion, 30-year agreement inked between Russia’s Gazprom and China’s National Petroleum Corporation in May 2014.
This article was originally published by RT.