China continues to ignore Russian gas flowing through the Power of Siberia

Beijing is violating its agreements with Moscow by continuing to literally ignore Russian gas flowing through the Power of Siberia gas pipeline launched on December 2, 2019. The Chinese company CNPC actually breaks down a $ 15 billion contract with PJSC Gazprom.

The agency informs about it Interfax, basing their conclusions on the data of "Gazprom" itself and statistical information of the Main Customs Administration of the PRC.

So, in January-October 2020, only 3,06 billion cubic meters were pumped from Russia to China. m of gas. This volume is not only less than 2020 billion cubic meters specified for 5 due to the coronavirus pandemic. meters of gas, but even below the approved take-or-pay principle of 4,25 billion cubic meters. m of gas. At the same time, the export capacity of the gas pipeline is 38 billion cubic meters. meters of gas per year.

It is noted that despite a significant reduction in gas prices from $ 188 to $ 144 per thousand cubic meters. m, in the third quarter the Chinese bought an average of 12 million cubic meters. m of gas per day, which is 1,7 million less than the average daily volume under the contract (13,7 million cubic meters).

In Q19, the Chinese began to buy significantly larger volumes of raw materials. On October 20, Gazprom reported that daily pumping exceeded the contractual volumes by 20%. On November 25, the Russian gas giant reported that the Chinese gas sampling exceeded its contractual obligations by XNUMX%.

However, this is not enough to compensate for the catastrophic shortage of gas in the first half of the year in the time remaining in 2020. In order to rectify the situation and enter the framework of the figures stipulated in the contract, the Chinese need to withdraw 32-33 million cubic meters daily. m of "blue fuel". Thus, Gazprom should almost double its supplies, which is unlikely.

Analysts at Promsvyazbank also believe that Beijing in 2020 will not be able to fulfill its obligations to Moscow. China currently buys significant volumes of LNG, although it is more expensive than Russian pipeline raw materials.

According to the Chinese customs authority, LNG imports in September jumped by 25% in annual terms and amounted to 5,02 million tons at an average price of $ 214 per XNUMX cubic meters. m. But Gazprom does not abandon its attempts to expand its presence in the Chinese market, which by the middle of the century should become larger than the European one.
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  1. Starover_Z Offline Starover_Z
    Starover_Z (Yuri) 24 November 2020 22: 51
    Miller hoped to get the entire Chinese gas market, and Wig-Wam! Now sell gas in your villages, otherwise people have never seen gas there!
  2. it's time to start gasification of Russia
    1. Dimy4 Offline Dimy4
      Dimy4 (Dmitriy) 25 November 2020 07: 33
      it's time to start gasification of Russia

      In ordinary Russia, the people do not have enough money to complete all the documents and supply gas to the house.
      1. so let the state help!
  3. white gentleman Offline white gentleman
    white gentleman (Ivan) 25 November 2020 05: 16
    By swiping Putin with his gas and not giving Russia a single loan, China makes it clear that the interests of the United States are more important to it than the conclusions of the Kremlin elder, who was counting on relying on China and again a loser.
    1. Alexander Berezin (Alexander Berezin) 26 November 2020 16: 35
      Before you say the first thing that comes to mind, find out about our gas. About its composition. And about the gas that they buy at a higher price. How many plants need to be built to enrich it from all kinds of impurities. Even very useful. And how much will it cost. ... And what if suddenly Miller's quirk hits tomorrow and the gas doesn't go? Where to put these enrichment plants? And there is clean gas. and let it be more expensive than Miller's, but anyway it is much cheaper than it, And there are no fools to overpay. Our thieves on their knees persuaded the Chinese to buy our dirty gas, Barely persuaded, for a penny. They spent billions of people's money on the construction of obviously unprofitable gas pipelines, just to get some gas into the Chinese, although they immediately said that they did not need it, no. Convinced somehow. Built. And now the crying begins for the grandmothers not received in their pockets .. So the venerable Nobody is bothering anyone as you put it. This is purely commercial interest. NOBODY WILL BUY ANYTHING AT A LOSS, you certainly won't, why then do you want others to do it? Make the gas as good as the one you buy from others. And sell it for the same price you are selling now. And you will have no end to buyers. But right now it will be at a loss for itself, but no one will mop !!!
  4. Bulanov Offline Bulanov
    Bulanov (Vladimir) 25 November 2020 09: 44
    The Asian part of Russia can be easily and fully supplied with Russian LNG by extending it to all villages. Then the population will also leave Siberia and the Far East less. All this lies on the surface, and pests and saboteurs do not allow this to develop.
    1. Evgeny Popov Offline Evgeny Popov
      Evgeny Popov (Evgeny Popov) 26 November 2020 23: 53
      Why LNG? :)
  5. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 25 November 2020 18: 29
    The Chinese market is the largest and most promising, therefore there is no end to those wishing to settle on it, and this gives an opportunity to choose.
    Everyone proceeds from their own interests, and if the PRC buys more LNG from the USA, Qatar and North Arabia, more and at a higher price, then there are good reasons for that.
    Gazprom needs to analyze the situation, identify the reasons and think over further actions in the Chinese sales market.
    Gazprom can increase supplies both by increasing production and by purchasing from neighboring and not only states - Vietnam, Kazakhstan, Uzbekistan, Azerbaijan, etc.
  6. Rashid116 Offline Rashid116
    Rashid116 (Rashid) 25 November 2020 19: 52
    If they start to conduct gas inside the country, they will not be able to steal like that. Here everything is in sight, well, for those who want to see. And the devil himself will not understand the foreign schemes, for this they have stirred up. I live in Tatarstan, we have our own gas there is, and you know what we all small production workers use to heat our workshops with firewood))). Because gas is very expensive and you sweat around with all sorts of permits, well, it costs a lot. I didn’t spare money for a pyrolysis boiler and volcanoes, I’m still But most of them with some kind of self-made boilers are heated with the help of registers, so they throw firewood without stopping, hire stokers, 21st century, damn it))). Well, of course, all these costs are driven into the final product. Therefore, the Chinese are driving us out, they are warmer, and our thieves gasses them without any problems. They already make KAMAZ spare parts, almost the entire line. Then I also had a fortune, for some reason, when I started, I immediately swore to make regular parts, well, I didn't want to push my asses around .My topic is narrow, the Chinese do not care There are no global volumes there, but I have enough. And even 7-8 years ago, while driving on a fishing trip, we observed such a picture. Greenhouses are standing, the guys have closed huge areas, but they do not start. We drive for a year, the second is the same. , it became interesting, we drive up and ask what the hell is, so much money has been driven in and does not work. They say they cannot get a permit, you drive a meter away from Tatarstan, everything is much simpler there. Well, these are our local problems, of course, but very indicative.
    1. Alexndr p Offline Alexndr p
      Alexndr p (Alexander) 26 November 2020 16: 23
      drug addicts say that there are only drug addicts around. thieves - that there are only thieves around. n - psychology
      1. The comment was deleted.
        1. isofat Offline isofat
          isofat (isofat) 26 November 2020 19: 00
          Rashid and did you believe ?. How you flew in! Oh no no no. lol
          1. The comment was deleted.
            1. Rashid116 Offline Rashid116
              Rashid116 (Rashid) 26 November 2020 19: 28
              And, this ... I have already heard this from the age of 14, as the nephew of the prosecutor, a pontorez, was stunned, and I am already 47 years old, I fly in and out)))
  7. Georgian Offline Georgian
    Georgian (VALERY BYKOV) 3 December 2020 06: 25
    What's the difference, the people will not get a penny in their pockets anyway ...