Novak: Russia expects to increase oil supplies to China by 15% in 2015


BEIJING, December 17. Russia expects to increase oil supplies to China by 15% in 2015, told journalists the head of Ministry Alexander Novak.

According to him, will also increase shipments from Russia to China electricity and coal.

“This year we expect to increase deliveries by 15%. Will be increased and the amount of electrical energy supplied to China up to 3.6 billion KWh and Continue the supply of coal,” said Novak.

The Minister of energy of the Russian Federation also has informed that Russia and China are discussing the possible increase of gas supplies via the “Western route” to 60 billion cubic meters a year.”There is a Directive to speed up this process (the signing of the contract), discussed the issue of increasing the volume of deliveries and establishment of joint enterprises”, – he said.

Novak explained that in the first phase we are talking about an increase of supplies from the originally planned 30 billion cubic meters to 60 billion cubic meters.

He added that in the future it is possible the increase to 100 billion cubic meters