Russian gas supplies to China to be priced without linkage to Henry Hub

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.

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