DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6srrv3/russia_plans_lng) has announced the addition of GlobalData's new report "Russia Plans LNG Supplies to Asia-Pacific Markets Amidst Continuing Deadlock on Planned Pipeline Projects Targeting China and Korea" to their offering.
China and Russia have once again failed to reach a final agreement on a natural gas supply arrangement involving two pipelines that was originally settled on three years previously. This is due to continued disagreements over pricing. Russia wants to trade its gas to China for $350-400 per thousand cubic meters, while China, which plans to purchase 68 billion cubic meters per year, wants to pay $200-250 per thousand cubic meters.
Talks over many years are yet to give rise to any kind of firm commitment from either side and the issue of price has apparently been the major reason. Gazprom and China National Petroleum Corporation signed a framework agreement in 2009 that projected transporting 70 billion cubic meters of Russian gas to China through the pipelines every year, but Gazprom wants gas prices similar to those it gets in Europe, while China National Petroleum Corporation is resisting in order to gain a price reduction.
This issue has prompted Russian Gazprom to look for other markets in which to sell its Liquefied Natural Gas (LNG).
- The report highlights Gazprom's faltering negotiations for gas pipelines with China and Korea
- It focusses on Russia's plans to prioritize building LNG liquefaction terminals
- Geographic Scope- Russia, China, Korea
Reasons to buy
- To be aware of Gazprom's struggle to negotiate gas prices with China
- To understand how North Korea's demands for higher transit fees endanger prospects of Trans-Korean pipeline
- To stay informed about Asia-Pacific buyers showing interest in signing supply agreements with the Vladivostok LNG Terminal
For more information visit http://www.researchandmarkets.com/research/6srrv3/russia_plans_lng