China and Russia have operatioanalised a mega natural gas pipeline
connecting Siberia to northeast China further fuelling political and
economic ties between the two countries, which are increasingly a pivot
against US-led western powers.
Called the “Power of Siberia”, the cross-border gas pipeline, according to the official news agency, Xinhua, is over 8,000 km long with a 3,000-km section in Russia and a 5,111-km stretch in China.
The Power of Siberia pipeline will be the largest gas transmission system in eastern Russia, transporting natural gas from Irkutsk and Sakha to the Russian Far East, partly for production of liquefied natural gas (LNG) on the Pacific coast, partly for pipeline export to China. The 4000-kilometre long pipeline will link the Kovykta gas and condensate field in Eastern Siberia and the Chaiandinskoe oil, gas and condensate field in Sakha to the existing Sakhalin–Khabarovsk–Vladivostok pipeline
On 21 May 2014, the heads of Gazprom and CNPC signed the Power of Siberia contract to supply 1032 trillion cubic metres of gas to China over a 30-year period. The total value of the contract exceeded USD 400 billion.
China is the world’s largest energy consumer and demand for natural gas is increasing in the country, especially in the northern part, as it gradually moves from burning coal to cleaner energy for central household heating in winter.
For Russia, the pipeline opens up a massive new market in Asia – and a line for hundreds of billions of US dollars —as it looks at economic alternatives in the aftermath of western sanctions following its annexation of Ukraine’s Crimea five years ago.
President Xi Jinping and Russian counterpart Vladimir Putin watched the inauguration of the pipeline via a video link.
They spoke on phone Monday afternoon Dec 02,2019 after witnessing the launch ceremony of the China-Russia east-route natural gas pipeline
Called the “Power of Siberia”, the cross-border gas pipeline, according to the official news agency, Xinhua, is over 8,000 km long with a 3,000-km section in Russia and a 5,111-km stretch in China.
The Power of Siberia pipeline will be the largest gas transmission system in eastern Russia, transporting natural gas from Irkutsk and Sakha to the Russian Far East, partly for production of liquefied natural gas (LNG) on the Pacific coast, partly for pipeline export to China. The 4000-kilometre long pipeline will link the Kovykta gas and condensate field in Eastern Siberia and the Chaiandinskoe oil, gas and condensate field in Sakha to the existing Sakhalin–Khabarovsk–Vladivostok pipeline
On 21 May 2014, the heads of Gazprom and CNPC signed the Power of Siberia contract to supply 1032 trillion cubic metres of gas to China over a 30-year period. The total value of the contract exceeded USD 400 billion.
China is the world’s largest energy consumer and demand for natural gas is increasing in the country, especially in the northern part, as it gradually moves from burning coal to cleaner energy for central household heating in winter.
For Russia, the pipeline opens up a massive new market in Asia – and a line for hundreds of billions of US dollars —as it looks at economic alternatives in the aftermath of western sanctions following its annexation of Ukraine’s Crimea five years ago.
President Xi Jinping and Russian counterpart Vladimir Putin watched the inauguration of the pipeline via a video link.
They spoke on phone Monday afternoon Dec 02,2019 after witnessing the launch ceremony of the China-Russia east-route natural gas pipeline
No comments:
Post a Comment