(20.09.2021)
“The gap in terms of injecting gas into European [underground gas storage] UGS facilities cannot be closed. Europe is going to enter the autumn/winter period with a gas shortage in its UGS facilities. The question is, how big is the shortage going to be?” the Russian executive said.
“They might even break new records very soon,” Miller said. He went on to note that despite European prices, Asian markets continued to pay a premium. As a result, gas is flowing into Asia.
(17.09.2021)
„The supplies to China are on the rise, having reached more than 10 bln cubic meters of gas totally since the beginning of deliveries under the 30-year contract (contract on supply via Power of Siberia – TASS),“ he said.
Miller considers the contract with China unique – the largest in the world.
(29.09.2021)
In December 2019, Russia‘s state-run Gazprom began operating the Power of Siberia — a natural gas pipeline connecting the Russian Far East and northeastern China. Another pipeline is in the works.
China and Russia plan to increase bilateral trade to $200 billion in 2024.