The deputy director of Gazprom’s strategy department, Kirill Polous, stated on Sept. 13: “Taking into account the previously signed contract for the supply of gas under the Power of Siberia project, the total contracted volumes amount to 48 billion cubic meters [including deliveries from Russia’s Far East]. With a high degree of probability, after reaching the specified volume of exports, Russia may become the largest gas supplier to China,” he said during discussion at the St. Petersburg International Gas Forum. Gazprom is Russia’s state-run energy giant.
Polous added: “During the Eastern Economic Forum [Sept. 5-8], an agreement was reached to transfer payment for gas supplies via the Power of Siberia gas pipeline into rubles and yuan. We are talking about stable pricing mechanisms and the absence of regulatory barriers for the implementation of gas projects.”
