Deals
Gazprom Paves Way to New China Gas Deal as Sanctions Hit Russia
- Gas giant signed contract to design link to China via Mongolia
- New pipe to China would enable 50 bcm/year of extra gas flows
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Gazprom PJSC took a new step toward potentially its biggest-ever natural gas supply deal with China as nations around the world sever economic and political ties with Russia over the country’s invasion of Ukraine.
The Russian gas giant signed a contract to design the Soyuz Vostok pipeline across Mongolia toward China, Gazprom said in a statement. If Russia reaches a new supply agreement with China, Soyuz Vostok will carry as much as 50 billion cubic meters of natural gas per year to the Asian nation.