August 26, 2015, 16:41 / Business

Gazprom wants to sell Sakhalin-3 gas to China

Recently the United States banned the supply of equipment for its development Mikhail Serov

As part of the Gazprom project Sakhalin-3 at the turn of the 2020s. It will be possible to produce more than 20 billion cubic meters. m of gas and this will be enough for several projects, Miller assured / Gazprom

Gazprom . and CNPC may soon sign a memorandum on gas supplies to China from the Russian Far East, the concern’s chairman of the board, Alexey Miller, who is in Beijing, told Interfax on Wednesday “This new priority area will be an important step in expanding cooperation in the gas sector,” he said. The project is included in the program of joint actions within the framework of the strategic partnership. The companies "will have to conduct a series of bilateral consultations to determine the specific terms of the project, as well as to assess its economic viability." We are talking about new volumes of gas, in addition to supplies along the eastern and western routes, Miller emphasized.

Miller said back in June that possible supplies of pipeline gas to China from the Far East are one of the points of the five-year agreement between Gazprom and CNPC on a strategic partnership and that the issue is being studied. But the main projects remain the Power of Siberia and Power of Siberia - 2 (or Altai) gas pipelines.

The United States imposed sanctions against Gazprom's largest offshore field

Business / TEK

In early August, the United States imposed sanctions against the largest Sakhalin-3 field, Yuzhno-Kirinskoye. Previously, Gazprom also agreed with Shell to use Sakhalin-3 resources to expand their joint LNG plant as part of the Sakhalin-2 project. The parties are now studying the consequences of the sanctions.

At the same time, the main topic of Miller’s visit to Beijing was negotiations on gas supplies to China via the Power of Siberia-2 gas pipeline, Gazprom reported . Miller met with Deputy Premier of the State Council of the People's Republic of China Zhang Gaoli and Chairman of the Board of Directors of CNPC Wang Yilin.

“Contract negotiations are progressing confidently. The parties are committed to their successful completion,” Gazprom said in a statement.

Gazprom spent 2.4 trillion rubles on unclaimed projects

Business / TEK

Russian President Vladimir Putin will visit China in early September. It was expected that during the visit a contract could be concluded for the supply of gas to China via the Power of Siberia - 2. But on Friday, the director of the Department of Eastern Europe and Central Asia of the Ministry of Commerce of the People's Republic of China, Lin Ji, said that the negotiations were significantly complicated due to a sharp drop in oil prices (his words were reported by Interfax). And now Russia and China do not set themselves the task of signing a contract during Putin’s visit.

But on Wednesday, an Interfax source close to the Chinese side of the negotiations said that “the parties do not exclude significant progress in the negotiation process” and “are going to speed up the process of agreeing and concluding a contract for the supply of Russian gas via the western route as much as possible. It remains to agree on some technical details.” The agency's interlocutor did not rule out that the parties may sign a certain document during Putin's upcoming visit to Beijing.

In addition to Power of Siberia - 2, such areas of cooperation as underground gas storage, electric power, mechanical engineering projects for the oil and gas sector, and cooperation in third countries were also discussed with CNPC, Gazprom reported .