Russia’s Gazprom sets new record for daily gas deliveries to China via Power of Siberia

On December 20, Russia’s Gazprom company set a new all-time record for daily gas supplies to China via the Power of Siberia pipeline for the second time this month.

The supplied volume of gas exceeded Gazprom's contractual obligations. The previous record was set on December 7, Caliber.Az reports, citing Russian media.

Since December 1, the company has proactively increased daily gas deliveries to China via the Power of Siberia pipeline to the maximum contractual level. Originally, the pipeline was scheduled to reach its design capacity of 38 billion cubic metres of gas starting January 1, 2025.

In October, Deputy Chairman of Gazprom's Management Committee Vitaly Markelov announced that Russian gas supplies through the Power of Siberia pipeline to China would exceed the initial 2024 target by more than 1 billion cubic metres. Considering the increase in exports from the Arctic LNG-2 project and the redirection of some supplies from the European market, analysts predict that the total supply volume in this direction could reach 85 billion cubic metres by 2030.

Gazprom is a global energy corporation engaged in the exploration, production, transportation, storage, processing, and sales of natural gas, gas condensate, and oil. The company also focuses on selling gas as a vehicle fuel and generating and marketing heat and electricity.

Gazprom’s mission is to ensure a stable, efficient, and well-balanced supply of natural gas, other energy resources, and their derivatives to consumers.

The company's strategic objective is to reinforce its leadership position among global energy firms by diversifying its sales markets, ensuring energy security and sustainable development, enhancing operational efficiency, and maximizing its scientific and technological capabilities.

Natural gas is one of the key resources Gazprom deals with, and the company possesses the largest natural gas reserves in the world.

By Naila Huseynova