INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

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.