China will pay to Russia $360 per 1,000 cubic m of gas
Edited by Rhod Mackenzie / 2014-07-03 01:29:21
China Oil and Gas Russia China Oil and Gas Russia Oil and Gas Gas Gazprom Pipelines Production and Refining
Gazprom will supply gas to China by price close to the sum paid by Germany, the largest importer of Russian gas. The base price will be $360 per 1,000 cubic m of gas, two sources claim, Vedomosti writes referring to Bloomberg.
Last year Germany paid $366 per 1,000 cubic m that was one of the lowest prices for Russian gas. Germany has bought gas in Russia for 40 years, and imports 40.2 billion cubic m, nearly 25% of total Russian gas supplies to Europe. In 2013, average price for Europe was $380.
The pipeline gas will cost to China $395 per 1,000 cubic m of gas, under the evaluation of VTB Capital, $370-380 (Renaissance Capital), or $380 (Alfa Bank). A Chinese official told Bloomberg before that CNPC would pay $350 per 1,000 cubic m of gas.
