INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Russia’s Gazprom sets new daily record for gas supplies to China

The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow. (AFP)
  • According to Gazprom, supplies are made under a bilateral long-term gas purchase and sale agreement between the oil company and China
  • The company added that since November it has ramped up the volume of gas supplies to China as per the previously signed additional agreement

Moscow, Russia–Gazprom has set a new record for daily gas supplies to China via the Power of Siberia pipeline on December 16, the company said in a statement.

“On December 16, China’s application for the supply of Russian gas through the Power of Siberia gas pipeline once again exceeded the daily contractual obligations. Gazprom delivered all the requested volumes and set a new historical record for daily gas supplies to China,” the statement said.

Supplies are made under a bilateral long-term gas purchase and sale agreement between Gazprom and CNPC, the company added.

Earlier, Gazprom noted that since mid-November it has significantly increased the volume of gas supplies to China in accordance with the previously signed additional agreement.