Russian gas supplies to China have set new records since the beginning of the year. Experts expect the Power of Siberia pipeline to exceed planned export growth targets for this year.
Gazprom and China have not signed a contract to supply gas through the new “Power of Siberia 2” gas pipeline. China believes that the longer it waits for the new line, the worse things will be for Gazprom, says Alexei Miller, the head of the giant Russian Gazprom Group. The price of gas is linked to the cost of oil and petroleum products in the Asian market with a difference of 9 months.