China wants more Russian gas — RT Business News
Energy giant CNPC calls for deliveries through Power of Siberia mega pipeline to be increased
Russian gas exports to China via the so-called eastern route, the Power of Siberia pipeline, are expected to increase steadily, according to Huang Yongzhang, vice president of the China National Petroleum Corporation (CNPC).
The 3,000 kilometer (1,864 mile) cross-border pipeline began delivering Russian natural gas to China in 2019. Its capacity is 61 billion cubic meters (bcm) of gas per year, of which 38 bcm is for export . Last year, Russian gas deliveries to China increased by 10.4 billion cubic meters through the mega pipeline.
“There is a need to steadily increase gas supplies from Russia to China via the eastern route. The parties are continuing cooperation in this area, using all its advantages, strengthening and deepening business cooperation,” Yongzhang said Tuesday at the Russia-China Energy Business Forum.
He also called for strengthening scientific and technical cooperation between the two nations to improve the quality of joint work in the oil and gas sector, as well as in the field of green and low-carbon energy.
The agreement on gas supply through the Power of Siberia pipeline was reached in 2014, with Gazprom and CNPC signing a 30-year contract. The $400 billion deal is Gazprom’s biggest ever deal and the Power of Siberia is the first gas pipeline between Russia and China.
Russia to become China’s largest gas supplier – Gazprom
The Russian energy company is currently working on the Power of Siberia 2 project, which involves the construction of a gas pipeline to China through the territory of Mongolia. The pipeline will be capable of delivering up to 50 billion cubic meters of gas, once operational.
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