Price of Russian gas for China could rise by 3% in 2026, 1.4% in 2027

Price of Russian gas for China could rise by 3% in 2026, 1.4% in 2027 According to the baseline forecast, the price of gas supplied to China will total $247.9 per 1,000 cubic meters in 2026MOSCOW, October 2. /TASS/. Prices for Russian gas to be supplied to China could rise by 3% in 2026, and by 1.4% in 2027, and return to this year’s level in 2028-2029, according to files to the draft federal budget for 2027-2029 seen by TASS. The document has been uploaded to the lower house of parliament’s electronic database. According to the baseline forecast, the price of gas supplied to China will total $247.9 per 1,000 cubic meters in 2026 (compared to $240.3 in 2025), $251.3 in 2027, $247.8 in 2028, and $246.4 in 2029. According to the conservative forecast, the price for China could be $239.2 in 2027, $235.8 in 2028, and $234.7 in 2029. In 2025, Gazprom became the largest gas exporter to China. Supplies via the Power of Siberia gas pipeline reached 38.8 bln cubic meters, 800 mln cubic meters above the initial contractual obligations. 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