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Russia opens up its ‘new Europe’ with the Power of Siberia gas export deal to China

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Report summary

Russia and China have agreed a long-awaited deal to supply 38 bcm per annum of gas from Gazprom's East Siberian fields into China via the planned 3,000 kilometre Power of Siberia pipeline. Russia has established a new export route for its pipe gas into a growing market, away from its legacy European customers. China has secured competitive volumes of gas from a new pipe importer to satisfy long-term demand in its north-east region.

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