Gazprom Will Boost Gas Supplies to China and Hungary, CEO Says

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Gazprom so far hasn’t reached a new major export deal with China, although a deal involving the Power of Siberia 2 pipeline has been welcomed by both governments. Photo: Bloomberg

(Bloomberg) — Gazprom PJSC will send additional gas to China and Hungary this year, Alexey Miller, the company’s chief executive, said in an interview with Russia state television that aired on Sunday.

Gazprom and China National Petroleum Corp. have signed an addendum to their 2014 contract that envisions higher gas flows via the Power of Siberia pipeline through the end of this year, the Russian company said earlier on its Telegram channel. According to Miller, additional gas flows to China for the remainder of the year may reach 600 million cubic meters.