Russia’s “News†reported that Gazprom (Gazprom) hopes to receive China’s advance payment of US$40 billion in advance from 2012 to 2015, which will be returned within 30 years after the start of natural gas supply. The report also stated that the disparity between China and Russia in gas price differences has narrowed to US$65/million cubic meters, and the interest on advance payments will be China’s access to natural gas price discounts.
Renhao Ning, a researcher in the energy industry of China Investment Advisors, pointed out that this report is not credible. At present, Sino-Russian natural gas prices have not been collated and there are major differences between the two sides. This means that the total amount of Sino-Russian natural gas transactions has not been determined. How can advance payment be made in advance if the transaction amount is not yet determined? Obviously, this report is based on a lack of facts. It is impossible for China to pay 40 billion U.S. dollars in prepayments to the Russians if the price has not yet been determined.
In fact, although the current Sino-Russian government has actively promoted the cooperation between the two sides in natural gas, the enthusiasm of CNPC and Russia as a party is not high. From the perspective of PetroChina, on the one hand, domestic natural gas prices are much lower than those on the international market. Once the large-scale import prices of Russian natural gas are bound to result in a large number of losses in PetroChina. Therefore, in the absence of a breakthrough in the reform of the natural gas price mechanism in China, PetroChina’s attitude is not positive. On the other hand, the current reorganization of China's petroleum gas sources, and neighboring countries including Kazakhstan, Turkmenistan, and Myanmar, are all importing large quantities of natural gas into China. CNPC’s current desire for gas sources is not strong. From the aspect of Russian gas, the urgency of opening up the natural gas export market is not strong in the European market where the demand is large and the price is high.
Zhang Chunlin, director of the China Investment Advisory Research Institute, pointed out that the Sino-Russian natural gas negotiations have gone through a 10-year long run and have not yet reached an agreement on prices, which fully reflects the difficulties in natural gas negotiations. At the same time, this is also a result of the game between China and Russia. Both parties hope to obtain the maximum benefit at the most favorable time. The current period is not the best time for both China and Russia. Therefore, it can be judged that the possibility of a temporary price agreement between China and Russia is still relatively poor.
The "Investment Analysis and Forecast Report for China's Natural Gas Industry in 2011-2015" issued by China Investment Advisors pointed out that natural gas as a clean energy source will occupy an important position in the future energy supply. The demand for natural gas in China will continue to increase over the next decade, and the proportion of energy consumption will also increase. In order to build diversified natural gas supply channels, China needs to increase its natural gas cooperation with Russia, Central Asia, Southeast Asia and even Australia.
Renhao Ning, a researcher in the energy industry of China Investment Advisors, pointed out that this report is not credible. At present, Sino-Russian natural gas prices have not been collated and there are major differences between the two sides. This means that the total amount of Sino-Russian natural gas transactions has not been determined. How can advance payment be made in advance if the transaction amount is not yet determined? Obviously, this report is based on a lack of facts. It is impossible for China to pay 40 billion U.S. dollars in prepayments to the Russians if the price has not yet been determined.
In fact, although the current Sino-Russian government has actively promoted the cooperation between the two sides in natural gas, the enthusiasm of CNPC and Russia as a party is not high. From the perspective of PetroChina, on the one hand, domestic natural gas prices are much lower than those on the international market. Once the large-scale import prices of Russian natural gas are bound to result in a large number of losses in PetroChina. Therefore, in the absence of a breakthrough in the reform of the natural gas price mechanism in China, PetroChina’s attitude is not positive. On the other hand, the current reorganization of China's petroleum gas sources, and neighboring countries including Kazakhstan, Turkmenistan, and Myanmar, are all importing large quantities of natural gas into China. CNPC’s current desire for gas sources is not strong. From the aspect of Russian gas, the urgency of opening up the natural gas export market is not strong in the European market where the demand is large and the price is high.
Zhang Chunlin, director of the China Investment Advisory Research Institute, pointed out that the Sino-Russian natural gas negotiations have gone through a 10-year long run and have not yet reached an agreement on prices, which fully reflects the difficulties in natural gas negotiations. At the same time, this is also a result of the game between China and Russia. Both parties hope to obtain the maximum benefit at the most favorable time. The current period is not the best time for both China and Russia. Therefore, it can be judged that the possibility of a temporary price agreement between China and Russia is still relatively poor.
The "Investment Analysis and Forecast Report for China's Natural Gas Industry in 2011-2015" issued by China Investment Advisors pointed out that natural gas as a clean energy source will occupy an important position in the future energy supply. The demand for natural gas in China will continue to increase over the next decade, and the proportion of energy consumption will also increase. In order to build diversified natural gas supply channels, China needs to increase its natural gas cooperation with Russia, Central Asia, Southeast Asia and even Australia.
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