The Construction of China-Russia Gas Pipe Was Begun
Posted: 09/05/2014 03:09:16 Edited: 09/05/2014 03:09:55 Clicks: 1048
On August 31, European Commission announced that they had already formulated new sanctions on Russia. On September 1, Putin, the Russian President attended commencement ceremony of China-Russia gas pipe in Russia.
According the contract signed by China and Russia, from 2018, Russia will supply gas to China through the eastern line of China-Russia gas pipe. The pipe in Russian whose length is nearly 4,000 kilometers is also called as Power of Siberia. It will cost 55 billion dollars. After being completed, the gas pipe will ensure gas supply to Russian domestic market and transmit gas to China meanwhile. The gas transmission pipe in China will be begun in the first quarter of the next year.
The commencement ceremony of China-Russia gas pipe on Monday caused attention from global media, especially European media. French media made the same comment that Russia closed to China without concealing. It is known that Russia is the largest global gas exporter. For several years, half of Russian gas is transmitted to European market. And Ukraine was always the main transfer station for Russian gas. However, Ukrainian crisis broke out in the early of this year and the following incidents may change gas trade pattern between EU and Russia thoroughly.
Russia is always suffering from strong denouncement of the Western due to its actions in Ukrainian crisis and standpoint for referendum on independence in Crimea. EU and the U.S. enhanced sanctions on Russia in succession, causing Gazprom could not enter into global capital market. Russian gas export was also faced with threaten. Cooperating with China which has large demands fro energy, Russia can break away from current dilemmas. That is the reason why negotiation for gas trade between Russia and China could be finalized in May, having been lasted for more than ten years. Russia made a large number of promises on price and energy supply ensuring. The Western opinions consider generally that China is winner in Ukrainian crisis.
Besides on commencement ceremony, Miller, the CEO of Gazprom also stated that the corporation would also sign the western line supplying gas contract with CNPC, during the APEC Summit which would be held in November when Chinese leader meeting with Russia leader. It is disclosed that the western line will supply 30 billion cubic meters of gas to China annually. Adding up with 38 billion cubic meters of gas supplied by the eastern line, Russia will ensure almost half of gas demands in China in the next few years. In 2013, Chinese total gas consumption was 1.7 hundred billion cubic meters.
According the contract signed by China and Russia, from 2018, Russia will supply gas to China through the eastern line of China-Russia gas pipe. The pipe in Russian whose length is nearly 4,000 kilometers is also called as Power of Siberia. It will cost 55 billion dollars. After being completed, the gas pipe will ensure gas supply to Russian domestic market and transmit gas to China meanwhile. The gas transmission pipe in China will be begun in the first quarter of the next year.
The commencement ceremony of China-Russia gas pipe on Monday caused attention from global media, especially European media. French media made the same comment that Russia closed to China without concealing. It is known that Russia is the largest global gas exporter. For several years, half of Russian gas is transmitted to European market. And Ukraine was always the main transfer station for Russian gas. However, Ukrainian crisis broke out in the early of this year and the following incidents may change gas trade pattern between EU and Russia thoroughly.
Russia is always suffering from strong denouncement of the Western due to its actions in Ukrainian crisis and standpoint for referendum on independence in Crimea. EU and the U.S. enhanced sanctions on Russia in succession, causing Gazprom could not enter into global capital market. Russian gas export was also faced with threaten. Cooperating with China which has large demands fro energy, Russia can break away from current dilemmas. That is the reason why negotiation for gas trade between Russia and China could be finalized in May, having been lasted for more than ten years. Russia made a large number of promises on price and energy supply ensuring. The Western opinions consider generally that China is winner in Ukrainian crisis.
Besides on commencement ceremony, Miller, the CEO of Gazprom also stated that the corporation would also sign the western line supplying gas contract with CNPC, during the APEC Summit which would be held in November when Chinese leader meeting with Russia leader. It is disclosed that the western line will supply 30 billion cubic meters of gas to China annually. Adding up with 38 billion cubic meters of gas supplied by the eastern line, Russia will ensure almost half of gas demands in China in the next few years. In 2013, Chinese total gas consumption was 1.7 hundred billion cubic meters.
