Russia ramps up natural gas supplies to China via Power of Siberia mega-pipeline
RT | February 1, 2021
Russian energy major Gazprom pumped more gas to China in January via the Power of Siberia pipeline than it had initially planned, boosting daily supplies by as much as 2.5 percent.
“The export of gas to China through the Power of Siberia gas pipeline continues to grow. Supplies regularly exceed Gazprom’s daily contractual obligations,” the company said in a statement, adding that the volume of gas delivery last month “was 2.9 times higher than in January 2020.”
The 3,000km (1864 mile) cross-border pipeline started official deliveries of Russian natural gas to China in 2019. The so-called eastern route’s capacity is 61 billion cubic meters of gas per year, including 38 billion cubic meters for export.
The agreement on gas supplies via the Power of Siberia pipeline was reached in 2014, with Russia’s energy giant Gazprom and the China National Petroleum Corporation (CNPC) inking a 30-year contract. It is Gazprom’s biggest-ever agreement and the first natural gas pipeline between Russia and China.
Gazprom exported some 2.3 billion cubic meters of gas along the route during the first eight months of 2020. It plans to boost exports by an additional six billion cubic meters.
Russia is set to further increase supplies of piped gas to China, including via the Power of Siberia 2 project. The latter pipeline entered the design stage last year, and will be capable of delivering as much as 50 billion cubic meters of gas once finished.
Gazprom intends to become China’s biggest supplier, making up more than 25 percent of gas imports by 2035.
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When China becomes “Energy independent, with Russian(and soon, Mongolian gas) the South China Sea will become less important as an Energy trade route(to China at least), they may exert more military might in that area, knowing they will always have Russian/Mongolian Gas supplies for themselves. I believe China also gets oil from Iran.
I feel a very nasty War brewing…..But, there’s always a war just around the corner……Just ask the M.I.C………
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Seems like a lucrative, mutually beneficial deal to me. Seems to me like the way commerce should be conducted…not by coercion, bribes, threats of sanction, etc…..
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