This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/573408-russia-china-gas-megadeal/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Russia and China ironing out new gas megadeal – deputy PM | Russia and China ironing out new gas megadeal – deputy PM |
| (36 minutes later) | |
| The two sides want to seal an agreement on the Power of Siberia 2 pipeline as soon as possible, Aleksandr Novak says | The two sides want to seal an agreement on the Power of Siberia 2 pipeline as soon as possible, Aleksandr Novak says |
| Moscow and Beijing are actively working on the implementation of the Power of Siberia 2 energy project, which was among the issues discussed during President Xi Jinping’s official visit to Russia this week. | Moscow and Beijing are actively working on the implementation of the Power of Siberia 2 energy project, which was among the issues discussed during President Xi Jinping’s official visit to Russia this week. |
| That’s according to Russian Deputy Prime Minister Aleksandr Novak, who spoke to Izvestia news agency on Tuesday about the proposed megadeal. | That’s according to Russian Deputy Prime Minister Aleksandr Novak, who spoke to Izvestia news agency on Tuesday about the proposed megadeal. |
| “The project has support. Companies have been instructed to work out the details of the project and sign it as soon as possible,” he said. | “The project has support. Companies have been instructed to work out the details of the project and sign it as soon as possible,” he said. |
| It is envisaged that the Power of Siberia 2 pipeline will supply 50 billion cubic meters (bcm) of gas each year, which Novak described as a volume that would “completely replace the Nord Stream energy network.” | It is envisaged that the Power of Siberia 2 pipeline will supply 50 billion cubic meters (bcm) of gas each year, which Novak described as a volume that would “completely replace the Nord Stream energy network.” |
| Russian President Vladimir Putin stated during his meeting with the Chinese leader on Tuesday that almost all parameters of the agreement on the new gas pipeline had been agreed. | Russian President Vladimir Putin stated during his meeting with the Chinese leader on Tuesday that almost all parameters of the agreement on the new gas pipeline had been agreed. |
| He also stressed that energy cooperation between the two countries has been growing, with Russia becoming a strategic supplier of oil, gas, coal and electricity to China. | He also stressed that energy cooperation between the two countries has been growing, with Russia becoming a strategic supplier of oil, gas, coal and electricity to China. |
| The Power of Siberia 2 project involves the construction of a gas pipeline to China through the territory of Mongolia. | |
| China currently gets most of its Russian gas via the Power of Siberia pipeline, which has an annual capacity of 38 billion cubic meters. It is a section of the so-called Eastern Route, which was partially launched in December 2019, becoming the first pipeline to supply Russian gas to China. The Eastern Route includes the 3,000km-long Power of Siberia pipeline in Russia and a section in China that extends to 5,111km (3,175 miles). | China currently gets most of its Russian gas via the Power of Siberia pipeline, which has an annual capacity of 38 billion cubic meters. It is a section of the so-called Eastern Route, which was partially launched in December 2019, becoming the first pipeline to supply Russian gas to China. The Eastern Route includes the 3,000km-long Power of Siberia pipeline in Russia and a section in China that extends to 5,111km (3,175 miles). |
| The mega pipeline is part of a $400 billion, 30-year agreement between Russia’s Gazprom and the China National Petroleum Corporation, which was inked in May 2014. | The mega pipeline is part of a $400 billion, 30-year agreement between Russia’s Gazprom and the China National Petroleum Corporation, which was inked in May 2014. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |