China not ready to buy more Russian gas

April 24, 2014

Russia’s Gazprom is ready to supply more gas to China than the two sides are discussing but the buyer is not prepared to purchase extra volumes, Viktor Timoshilov, who is in charge of the company’s eastern projects, said on Wednesday, April 23, ITAR-TASS reported on April 24.

“We are negotiating with China for the supply of 38 billion cubic metres of gas eastward even though we could supply more, but the buyer is not prepared to confirm the purchase of larger volumes,” he said.

The sides are negotiating supplies in the amount of 38 billion cubic metres even though previously a figure of 60 billion cubic metres was discussed.

Gazprom CEO Alexei Miller said after a meeting with Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC), in early April that the next round of talks would be held at the end of the month.

Copyright: ITAR-TASS, 2014