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

09:55  03 december  2019
09:55  03 december  2019 Source:   cnn.com

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One of the world’s longest gas pipelines – the Power of Siberia – which is being created to deliver natural gas from Russia to China , is now 93 percent complete. According to Russian energy major Gazprom , 119 operational gas wells have been completed at the Chayandinskoye field in Yakutia.

Featured links . GAS PIPELINE . The Power of Siberia gas trunkline will transport gas from the Irkutsk and Yakutia gas production centers to consumers in Russia ’s Far East and China (eastern route). The gas pipeline traverses three Russian constituent entities, namely the Irkutsk and Amur

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.

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The Power of Siberia pipeline is a natural gas pipeline in Eastern Siberia that transports natural gas from Yakutia to Primorsky Krai and China . It is a part of the eastern gas route from Siberia to China .

China and Russia 's leaders opened the giant " Power of Siberia " pipeline project on Monday. Russian company Gazprom secured the contract in 2014 following an agreement between Xi told Putin via video link that " China - Russia relations are entering a new era" and that the pipeline was an

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.

Chinese President Xi Jinping and Russian leader Vladimir Putin watched via video link as the pipeline was inaugurated, before congratulating each other on an historic moment.

"That step brings the Russian-Chinese strategic partnership in the energy sector to a whole new level," Putin said in a statement to news agency TASS.

TASS said that deliveries had started flowing through the pipeline as of Monday, although the amount will start small and then ramp up over the years.

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As the climate talks begin, Russia and China are hoping a new gas pipeline will help them use less coal. The so-called " Power of Siberia " pipeline will

The new gas pipeline of 4,000 kilometers in length will be transmitting gas from the Russian Yakutia to Primorsky Krai in the Far East and also to The official ceremony was confirmed by the Chinese Foreign Ministry earlier in mid-November. How It Started. The Russian gas giant " Gazprom " agreed

Gazprom CEO Alexei Miller announced to both leaders that the pipeline had been opened via video link. "Gas is flowing to the gas transmission system of the People's Republic of China," he said.

A 30-year deal was signed by Putin and Xi in 2014, and while a final figure has not been announced, it is believed to be worth more than $400 billion.

According to analysts at S&P Global Platts, total sales through the pipeline will represent nearly 10% of China's entire gas supply by 2022, and will help to solidify Beijing's energy security.

China has been trying to move away from coal and toward alternative forms of power in the past few years, as the country tackles a severe air pollution problem and growing concerns about its carbon emissions.

In April, US oil giant ExxonMobil announced a 20-year agreement to supply China with liquified natural gas. Meanwhile, China is expected to overtake the European Union as early as 2021 as the world leader in use of solar panels.

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Russia officially launched delivery of natural gas supplies to China , via the Power of Siberia pipeline .

The Power of Siberia gas pipeline is due to become fully operational in 2018 and will link with the Chinese gas infrastructure already in place, according to government papers. In May 2014, Russia ’s Gazprom and the China National Petroleum Corporation (CNPC) signed a 30-year framework deal to

Multiple Chinese state media publications trumpeted on Tuesday that the country now had access to a greater amount of "clean energy," compared to previous heavy use of coal. According to Xinhua, natural gas is expected to provide 15% of China's energy mix by 2030.

Video by Reuters

'Deep friendship'

The agreement was struck shortly after European countries began to look at reducing their reliance on Russian gas following Moscow's annexation of parts of Ukraine in February 2014.

Ties between Beijing and Moscow have grown increasingly close under Xi's leadership of China, with Putin saying in June that relations had reached an "unprecedented level."

This year marks 70 years since diplomatic ties were established between Beijing and Moscow, following the founding of the People's Republic of China in 1949. But relations between the two neighboring countries have often been tense, even when both were run by communist governments.

Russia and China complete cross border bridge

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Five years ago, China and Russia signed a deal to build a pipeline together. A first part of the project was inaugurated Monday. A first part of the project was inaugurated Monday. Gas will eventually flow from eastern Siberia all the Keywords natural gas , russia , china , power of siberia , koviktinskoye.

The four-dozen engineers near the town of Neryungri are part of an 8,500 crew working all-year round to build Gazprom ’s Power of Siberia , a 3,000km pipeline that runs from the gasfields of eastern Siberia to the Chinese border in When the taps are switched on in December 2019, the world’s

Under Xi and Putin, trade turnover between the two countries has soared by nearly 30% to a record $107.06 billion in 2018, according to China's General Administration of Customs.

The two men have even publicly formed a very strong bond, with Putin describing Xi earlier this year as his "best and bosom friend" with whom he had a "deep friendship."

Both countries have a clear motivation to strengthen economic and political ties in the face of an increasingly chilly diplomatic reception in Washington.

"Against the international backdrop that the US continues to contain China by even sacrificing its own interests, China supporting Russia is supporting itself," Wang Yiwei, director of China's Institute of International Affairs at Renmin University, said on Tuesday in the state-run tabloid Global Times.

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