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

Insight 21 May 2014

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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.

Executive Summary
Russia-China pipe gas sales agreement signed
- Power of Siberia Pipeline
  - Power of Siberia Throughput
  - A Russian pivot towards Asia
  - China secures supply for gas starved region
    - North-East China gas supply by source
  - Upstream development challenges remain....
  - ...but Power of Siberia gas is competitive into north-east China
    - Power of Siberia Delivered cost to Beijing city-gate (2020)
  - Conclusion

Tables and charts

This report includes 4 images and tables including:

Russia opens up its ‘new Europe’ with the Power of Siberia gas export deal to China: Image 1
Russia opens up its ‘new Europe’ with the Power of Siberia gas export deal to China: Image 2
Russia opens up its ‘new Europe’ with the Power of Siberia gas export deal to China: Image 3
Russia opens up its ‘new Europe’ with the Power of Siberia gas export deal to China: Image 4