Russia’s Gazprom Announces 28% Increase in Natural Gas Exports to China

Aug. 31—Gazprom CEO Aleksey Miller, at an Aug. 28 meeting with the heads of Gazprom subsidiaries, reported that China’s imports of Russian natural gas rose by 28.3% year-on-year in the first eight months of 2025. Of note, 2024 was also an increase over 2023, by some 14.3%.

Natural gas is supplied to China via the “Power of Siberia” pipeline, part of a $400 billion, 30-year agreement signed in 2014 between Gazprom and China’s state-owned China National Petroleum Corporation. Deliveries began in 2019, and the pipeline reached full operational capacity in December 2024, making Russia the top supplier of natural gas to China.

China is the second largest purchaser of Russian gas, with a 27% share, behind the EU’s 39% share. In May, Presidents Vladimir Putin and Xi Jinping agreed to accelerate the Power of Siberia 2 pipeline project, which will increase that share.