"Truly Historic": Russia, China Launch 3,000-Kilometre Gas Pipeline

The Bovanenkovo gas field illustrates Russia's ability to operate energy facilities in extremely cold conditions

Speaking highly of the arduous efforts Chinese and Russian builders and companies have made in frozen and snow-covered land in the past five years, Xi said they have shown to the world their consummate skills and the fruitful results of China-Russia cooperation.

The exports are projected to generate, over three decades, $400 billion for Russia's coffers.

Xi said the new pipeline would raise two-way trade to $200 billion by 2024, while Putin said Russia's trade with China has reached a record $100 billion, up from $87 billion previous year, according to RFE.

BEIJING (AP) - China and Russian Federation launched on Monday a gas pipeline that is more than 6,000 kilometers (3,750 miles) long, an outcome of their long-planned energy partnership.

"Russia is not only creating new income streams, but hedging its bets and bolstering its position strategically", said energy analyst Andrew Hill.

The Nord Stream 2 pipeline is expected to open within months - as is a third pipeline in the south called TurkStream, which will bring gas from facilities near Anapa, Russia, across the Black Sea to Turkey, making landfall between Istanbul and the Bulgarian border.

The mammoth Power of Siberia pipeline connecting the world's top gas exporter and its largest energy importer crowns years of tough negotiations and work in hard conditions.

He said the three projects were a sign that the Russian gas industry - "this kingpin of the global gas sector" - was becoming more mature.

Gas consumption in China, Asia's biggest economy, has surged in recent years as the government pressures homes and factories to use it instead of coal to combat air pollution.

Moscow began supplying natural gas to western and central Europe in the 1950s and Europe has always been Russia's major consumer of gas, supplied by Kremlin-controlled energy giant Gazprom, with total annual supplies of around 200 bcm.

The launch of the pipeline is not only an important result at the current stage but also a new start for future cooperation, Xi said.

This year marks the 70th anniversary of the establishment of diplomatic ties between China and Russian Federation.

Gazprom pressured that the pipeline ran by means of "swampy, mountainous, seismically energetic, permafrost and rocky areas with excessive environmental situations".

China is now the world's largest natural gas importer and the second largest liquefied natural gas (LNG) importer.

Russia has been in talks with China about raising gas sales via other routes too, such as from the Russian Far East and via Mongolia or Kazakhstan, but has not yet clinched any deals.

The pipeline goes to northeastern Heilongjiang province, which borders Russian Federation, and then it continues to Jilin and Liaoning, China's top grain hub.

The Power of Siberia launch came amid continued wrangling over Nord Stream 2. Chinese companies signed a deal to take an interest in the Arctic LNG 2 project in Russian Federation earlier this year.

"It will never pay for itself", Krutikhin told AFP.



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