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Russian gas to revalue the altai pipeline to China put forward a new price
Gazprom CEO miller said on December 7, 2012, the Russian gas company in reassessing the altai pipeline, puts forward a new base price has been sent to China. New solutions in maintaining the principle of equal profits compared with the gas supply, gas supply price will be reduced to China.
According to understand, altai pipeline total length of 2700 km, is expected to annual transport capacity of 30 billion cubic meters, from even the supply of natural gas to China spokesman told reporters, project cost about $14 billion. In 2006, the then Russian President vladimir putin announced the implementation of the project, in March, gazprom bogdan, director of a cloth DE ZuLi ark, estimates the altai project cost $45 to 5 ell. But in the autumn of 2008 after the economic crisis began, the project was frozen. A year later, the Russian gas supply talks with China progress step by step. The altai pipeline project included in the 2030 years ago Russia's gas industry development program, program from 2015 to 2018.
Signed in 2009, the Russian gas and oil in China basic conditions for the supply agreement and supply basic foundation conditions in China, the contract will be sent to you by two lines gas transmission in China, but the two sides have been unable to reach agreement on gas prices. At the end of January 2012, miller said publicly that the west to China supply only the price.
At present, the two countries is something through two lines each gas 68 billion cubic meters of matters in talks with China, but also failed to agree on supply route. At the same time, the two sides also talking about the construction of underground natural gas storage in China, sales of natural gas and shale gas combined mining in China.
Before because of price differences between China and Russia, has been negotiating for a long time hasn't signed the 30 years of natural gas supply contracts, the Russia's position, not only provide an opportunity for both sides negotiations, can be helpful for the smooth operation of the altai pipeline restart.