Russian Gas Deliveries to China Surge Through the "Power of Siberia" Pipeline

Since the start of this year, from January 1st to May 12th, the volume of Russian gas delivered to China via the "Power of Siberia" pipeline has experienced a sharp increase, growing by 37.4 percent compared to the same period in 2023, as reported by Gazprom's Telegram channel.

The energy holding company further clarified that in April alone, deliveries along this route rose by 57.1 percent year-on-year. However, Gazprom did not disclose the specific volumes of gas pumped through the "Power of Siberia".

The substantial growth in gas deliveries has been attributed to several factors, including the contractual conditions with China's CNPC, which mandate annual increases in supply, as well as the consistent over-performance relative to contractual obligations in fuel pumping through the pipeline.

Since the beginning of 2024, Gazprom has broken the daily record for gas deliveries to China six times, emphasizing the sustained interest of the People's Republic of China in pipeline fuel from Russia.

Previously, RIA Novosti, citing a review by analysts from the Gas Exporting Countries Forum (GECF), reported that the "Power of Siberia-2" pipeline, intended to further increase Russian gas deliveries to China, is not expected to be operational until 2033. The planned annual capacity of the pipeline is projected to be 50 billion cubic meters.