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Gazprom has signed new agreements with its Chinese partners to support the launch and operation of the cross-border section of the Far Eastern gas export pipeline to China.
The documents were signed in the presence of Alexey Miller, Chairman of the Gazprom Management Committee at the St. Petersburg International Economic Forum (SPIEF) 2025.
A strategic cooperation between Russia and China in gas sector was discussed during the Alexey Miller and Ding Xuexiang, Vice Premier of the State Council of the People’s Republic of China. It was noted that the overall exports of Russian pipeline gas have already exceeded 100 billion cubic meters since the start of supplies to China.
They reviewed the progress of the project for the Far Eastern route and stated that the gas supplies via the route are scheduled to begin in 2027.
The agreements—covering operational control and technical maintenance —were signed with China National Petroleum Corporation (CNPC) and PipeChina.
According to Gazprom, the agreements outline cooperation during the launch phase and subsequent operation of the pipeline’s cross-border segment, which will cross the Ussuri River near Dalnerechensk (Russia) and Hulin (China).
This follows the long-term Sales and Purchase Agreement signed in February 2022 between Gazprom and CNPC for gas deliveries via the Far Eastern route. Once fully operational, the project will add 10 billion cubic meters of Russian pipeline gas exports to China annually.
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, on the sidelines of the Shanghai Cooperation Organisation (SCO) summit.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD-LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
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