Russia to increase China pipeline gas supplies by almost 50%

Russia will increase this year its pipeline gas supply to China by 50 percent to 22 billion cubic meters, said deputy Prime Minister Alexander Novak, according to the Russian news agency.

“Last year’s gas supplies were at 15 billion cubic meters. In 2023, we expect 22 billion cubic meters, an almost 50 percent increase,” he said, adding that the volume should reach full capacity in the next two years.

Russian energy giant Gazprom is aiming to increase supplies to Asian markets, particularly China, as gas exports to Europe have dropped sharply due to sanctions over the Ukraine war.