Russia, China to sign November 9 memorandum on cooperation in gas supplies

Russian and Chinese ministries of economy plan signing on Sunday in the framework of the Asia-Pacific Economic Cooperation (APEC) summit a memorandum on cooperation in supplies of natural gas from the Russian Federation to China along the western route, Russia’s Minister of Energy Alexander Novak told reporters on Sunday.
He said he had a meeting with his counterpart on the subject.
“Today we (the ministries) will sign a memorandum on intentions on conditions of gas supplies along the western route,” he said.
The Western Route means gas supplies to China from the fields in West Siberia. Direct supplies are due in 2019.
The minister also said Russia and China would discuss other projects in fuel and energy cooperation, though refused to name those.
Russia’s gas monopoly Gazprom and china’s CNPC on May 21 signed a contract on gas supplies to China along the “eastern route” for the term of 30 years. The contract’s price will make $400 billion. By the Eastern Route, Russia will supply to China 38 bcm a year by the Sila Sibiri (Power of Siberia) gas pipeline.