The head of Gazprom Board Alexei Miller, said the price of gas for China should be “objectively lower” than Europe, as it is closer to deliver it to the PRC.
This year, Russia sells gas in China with a discount of nearly 40%. The Moscow Times reported that there was a reference to the data of the Ministry of Economic Development of the Russian Federation on Tuesday, September 30.
The main forecast of the department states that Russia’s average gas price for supplies to far away abroad (without China), that is, in Turkey and the European countries, which today stays, is at 2026-2028 $ 356.7 per 1000 cubic meters. For China, the average forecast for the next three years is $ 243.6, or 31.7% less than Europe’s direction.
“Even worse than the case in the assessment for the current year: the difference was 38.1% ($ 248.7 compared to $ 401.9 per 1000 cubic meters). For comparison: In 2024, gas in China sold 29% cheaper than Europe and Turkey,” the report said.
Earlier, the head of the Gazprom board, Alexei Miller, said the price of gas for China should be “objectively lower” than Europe, as its delivery to the PRC is closer.
“This is purpose or not, but Moscow has no opportunity to compensate for cash losses from destroying Europe,” the newspaper letter.
As you know, in the coming years, Russia will also lose those gases in Europe that it has to this day. The European Commission has submitted a plan for a complete abandonment of Russia’s energy resources by the end of 2027. The EU oil continues to buy Hungary and Slovakia, they are the main recipients of the pipeline gas; In addition, LNG purchases continue. But under Donald Trump’s pressure, EK announced the intent to move the deadline for oil a year in advance.
In this regard, Hungary refused to stop the acquisition, but the Bulgaria Prime Minister and Minister of Energy said that if the decision to terminate the gas supplies to the EU would be made, Sofia would stop traveling. It is through its territory that the last working pipe passes through which Russia’s gas enters Europe.
Keep in mind that to somehow pay the market loss in Europe, the Gazprom during a visit to the Russian delegation chaired by Vladimir Putin in China a month ago agreed to increase Siberian power supplies and the Far Eastern route (would work from 2027-Ed.), Generally, from 48 billion to 56 billion cubes.
Miller also said that a memorandum allegedly signed, legally binding to the Siberia-2 forces and a transit gas pipeline through the territory of Mongolia, the East Union. The Chinese side did not confirm it. Miller also could not provide any details about construction and supply conditions. As for gas price, he said: “We will report separately on commercial issues.”
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Source: korrespondent
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