BUSINESS China-Russia gas pipeline construction begins new phase

BUSINESS

China-Russia gas pipeline construction begins new phase

chinadaily.com.cn

17:00, July 04, 2019

Technicians inspect gas facilities in Horgos, Northwest China's Xinjiang Uygur autonomous region. (Photo: Xinhua)

Construction of the middle part of the China-Russia east-route natural gas pipeline started on Thursday and is expected to be completed next October, according to China National Petroleum Corp (CNPC), the country's biggest oil and gas company.

The middle part of the project stretches from Jilin province to Hebei province. Upon completion, the pipeline is expected to ease the gas shortage in Northeast China and the Beijing-Tianjin-Hebei region.

The China-Russia gas pipeline is expected to provide China with 38 billion cubic meters of natural gas from Russia annually.

The China-Russia East-Route natural gas pipeline makes up the eastern portion of Russia's "Power of Siberia" pipeline and runs from eastern Siberia to China.

With the project going into operation, Sinolink Securities' Resource and Environment Research Center said it expects Russia's share in China's gas market will increase.

CNPC has also signed an agreement with Novatek, Russia's top independent gas producer, in April, to buy a 10 percent stake in its new liquefied natural gas project, Arctic LNG 2, to increase gas supply in the country.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue