In the three years since its launch, the 'Power of Siberia' gas pipeline has already surpassed early supply assessments, climbing up to a new record in November, according to the Russian energy enterprise Gazprom.
"On November 23, the Chinese side submitted an application for Russian gas via the 'Power of Siberia' pipeline, which exceeded our daily contractual obligations once again. Gazprom has exported the requested volumes in their entirety and has set a new all-time record of daily gas deliveries to China," the company announced in its social media.
The supplies are being carried out as part of a bilateral long-term gas purchase-sale agreement between Gazprom and China National Petroleum Corporation (CNPC). 2023 alone has already seen Gazprom overperforming its contractual liabilities several times.
'Power of Siberia' is the main gas pipeline from Russia to China, covering about 3,000 km. The initial pipeline gas supply was launched from the Russian Chayanda field in late 2019. Three years later, the country's Kovykta field began to supply to the pipeline also.
Last year, Gazprom exported 15.4 billion cubic meters through 'Power of Siberia'. In 2023 the company expects to reach 22 billion. By 2025, the investment project aims to increase the supply volume up to 38 billion cubic meters on an annual basis.
Now, the construction of the 'Power of Siberia 2' (also known as Altai gas pipeline) is in development. The proposed pipeline will export Russian natural gas from the country's Altai region to North-Eastern China through Mongolia. Its designed capacity will stand at 50 billion cubic meters per year.