Sat, 28 Jan 2023

Russia-China energy project reaches milestone

RT.com
06 Dec 2022, 16:13 GMT+10

A key section of the East Route natural gas pipeline has been completed, Global Times reports

A key construction project that is part of the East Route pipeline supplying Russian natural gas to China was completed over the weekend, the newspaper Global Times has reported, citing energy giant PipeChina.

The now-completed tunnel under the Yangtze River will allow Russian gas to reach Shanghai. Having taken 28 months to construct, the tunnel is over 10km long and is designed with three natural gas pipelines, each 1.4m in diameter, according to the report. The East Route natural gas pipeline is expected to be completed and operable by 2025.

Completing the tunnel moves the gas pipeline a step closer to full operation, thus helping secure China's energy supply amid rising global prices, according to Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.

He explained that "the project offers a successful example of mutual benefit and international cooperation, and it combines the advantages of Russia's abundant resources with China's vast market."

The East Route natural gas pipeline was partially launched in December 2019, thus becoming the first pipeline to supply Russian gas to China. It includes the 3,000km-long Power of Siberia pipeline in Russia and a 5,111km-long section in China.

The mega pipeline will provide China with 38 billion cubic meters of Russian natural gas annually starting in 2024. It is part of a $400 billion, 30-year agreement inked between Russia's Gazprom and the China National Petroleum Corporation in May 2014.

For more stories on economy & finance visit RT's business section

(RT.com)

More Denmark News

Access More

Sign up for Copenhagen News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!