World: Russia Opening Giant Gas Link to China as Putin Pivots East - - PressFrom - US
  •   
  •   
  •   

World Russia Opening Giant Gas Link to China as Putin Pivots East

12:10  02 december  2019
12:10  02 december  2019 Source:   bloomberg.com

Russia-China gas pipeline: Gazprom switches on 'Power of Siberia' link

  Russia-China gas pipeline: Gazprom switches on 'Power of Siberia' link Russia switched on an enormous gas pipeline to China worth billions of dollars Monday, affirming increasingly close economic and political ties between the two countries. Named the "Power of Siberia," the pipeline runs more than 8,100 kilometers (5,000 miles) across the two countries, according to Chinese state-run news agency Xinhua, and will deliver 38 billion cubic meters of natural gas annually by 2024. It will be operated by Russia's state-owned company Gazprom.

, Russia is starting pipeline natural gas supplies to China . Gazprom will supply 38 billion cubic meters of gas annually. Power of Siberia gas pipeline The 3,000-kilometer link , which has become a symbol of President Vladimir Putin ’s pivot to the fast-growing economies of Asia as relations deteriorate with

Russian President Vladimir Putin and Chinese leader Xi Jinping are set to open the new gas The opening ceremony will be broadcast online. The official ceremony was confirmed by the Chinese The Russian gas giant "Gazprom" agreed on the construction of the pipeline almost twenty years ago.

(Bloomberg) -- The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy cooperation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.

NALCHIK, RUSSIA  NOVEMBER 29, 2019: Russia's President Vladimir Putin chairs a meeting of the Presidential Council for Interethnic Relations. Mikhail Metzel/TASS (Photo by Mikhail Metzel\TASS via Getty Images)© Mikhail Metzel\TASS via Getty Images NALCHIK, RUSSIA NOVEMBER 29, 2019: Russia's President Vladimir Putin chairs a meeting of the Presidential Council for Interethnic Relations. Mikhail Metzel/TASS (Photo by Mikhail Metzel\TASS via Getty Images)

The 3,000-kilometer link, which has become a symbol of President Vladimir Putin’s pivot to the fast-growing economies of Asia as relations deteriorate with the West, begins shipping gas from Russia’s enormous reserves in its eastern regions to the border. It will then link up with China’s own network to supply the fuel as far as the eastern seaboard and help satisfy the nation’s vast and growing energy needs.

Putin seeks rapid renewal of key nuclear deal with US

  Putin seeks rapid renewal of key nuclear deal with US Russia's President Vladimir Putin on Thursday said Moscow seeks to renew the nuclear New Start treaty, a key remaining US-Russian arms treaty, before the end of the year. Speaking to military chiefs and Russian defense executives, Putin said the decision must be made quickly on the soon-to-expire document, and Washington's position is so far unclear.

China and Russia have avoided open antagonism in Central Asia, but while Russia is leaning hard on former Soviet satellites to back it over Ukraine, China is Twenty-five years ago this month Mikhail Gorbachev came to China as a dynamic communist reformer reshaping the Soviet Union, just when

Russia on Monday started piping gas to China , as the Russian state gas giant Gazprom will immediately start sending its gas southwards — the first time Russian gas has been sent directly to China . The opening is the latest high-profile infrastructure project between Russia and China .

a close up of a map: New Route to Asia© Bloomberg New Route to Asia

Gazprom PJSC, Russia’s biggest gas producer, signed the $400 billion contract to supply as much as 38 billion cubic meters of gas annually for 30 years with China National Petroleum Corporation in 2014, after more than a decade of talks. It’s Gazprom’s biggest contract ever.

Read More: How Russia-China Gas Pipeline Changes Energy Calculus: QuickTake

The Russian company plans to start with deliveries of 10 million cubic meters a day and aims to reach peak capacity by 2025. Gazprom’s minimum exports to China via the pipeline will be 5 billion cubic meters in 2020, 10 billion cubic meters in 2021 and 15 billion cubic meters in 2022, according to the company.

Russia will seemingly ban devices without pre-installed Russian software

  Russia will seemingly ban devices without pre-installed Russian software The law comes into force next July, the BBC reported.Russian President Vladimir Putin's government reportedly passed a law that'll require devices sold in the country to have Russian software pre-installed.

Russian President Vladimir Putin and Chinese leader Xi Jinping launch Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow's role as top gas exporter. Putin and Xi are to inaugurate by video link -up the "Power of Siberia" pipeline, sending Siberian gas to China in

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are taking part in the official ceremony to launch the Power of Siberia gas pipeline, which will carry Russian natural gas to China . Russia ’s Gazprom and China National Petroleum Corporation (CNPC) signed a 30-year purchase

Gazprom hasn’t disclosed the price of the gas, but Putin has said it’ll be linked to oil prices, similar to the formula for European consumers. While Russia will have to compete with seaborne supplies of liquefied natural gas from producers such as Qatar and Australia, the expectation is that growth in China’s energy needs will require more pipeline and LNG capacity, to the benefit of other Russian firms such as Novatek PJSC, which is developing LNG on the Yamal peninsula in the Kara Sea.

Gas consumption in Asia’s biggest economy has surged in recent years as the government pressures homes and factories to use it in place of coal to combat air pollution. Imports reached 43% of the total gas supply in 2018, with about two-fifths of that arriving via pipeline from Central Asia and Myanmar, with the rest sourced as seaborne LNG.

Russia and China are already talking about a second link, known as Power of Siberia 2, that would connect through the countries’ western border between Mongolia and Kazakhstan.

--With assistance from Dina Khrennikova and Dan Murtaugh.

To contact the reporter on this story: Olga Tanas in Moscow at otanas@bloomberg.net

To contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Jason Rogers

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Putin 2020 calendars appear to portray a kinder, gentler Kremlin leader .
In Russia, the release of calendars featuring photos of Russian President Vladimir Putin has become an annual ritual. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); In past years, it's been an occasion to showcase the Kremlin leader's carefully managed image as a macho man of action. The calendars often feature the Russian President baring his chest, showing his prowess at the shooting range, or engaged in robust outdoor activities.

—   Share news in the SOC. Networks

Topical videos:

usr: 3
This is interesting!