Russian Gas Supplies to China to be Priced Without Linkage to Henry Hub

The Gazprom headquarters hosted yesterday evening a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Zhou Jiping, President of China National Petroleum Corporation (CNPC).

The parties addressed issues related to the conclusion of a long-term contract for Russian gas supplies to China. The contract is planned to be signed before this year-end.

“The price of gas to be supplied to China won’t be linked to the US spot market prices”, noted Alexey Miller after the negotiations.