The first pipeline for natural gas transportation from Russia to China Start of supply December 3, 8:30
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The first pipeline to transport natural gas from Russia to China was completed, and supply began on the 2nd. The commemoration ceremony, President Vladimir Putin and China Xi Jinping Jintao Russia to participate in the video relay, we appeal to close the first time in the two countries.
This pipeline, named “Siberian Power”, is approximately 3000 km long and transports natural gas from the gas field in East Siberia to northeastern China.
China and facilities in two days commemoration ceremony of the pipeline near the border is opened, and President Vladimir Putin and Xi Jinping Jintao participated in the video relay, celebrated the start of the supply and feeding the gas from the Russian side.
In this, President Putin stressed the significance of the project, saying, “It will raise the strategic reciprocal relationship between Russia and China in the energy sector to a new level.”
In addition, Xi said, “The project is a sample of a mutually beneficial cooperative relationship that deeply connects the two countries,” appealing to the closeness of the two countries.
Russia plans to export natural gas to China for 30 years through this pipeline, with a maximum supply of 38 billion cubic meters per year, which is equivalent to one-third of Japan's annual consumption. .
Russia and China are trying to strengthen their relations in various fields such as military and economy, while the conflict with the United States continues, and the first gas pipeline connecting the two countries is a project that symbolizes the honeymoon relationship.
Russia is planning to supply natural gas to China over the next 30 years, paying a huge amount of 10 trillion yen in Japanese yen for the construction of pipelines and the development of natural gas fields in East Siberia.
On the other hand, China imports natural gas from Central Asia through pipelines, and also procures LNG = liquefied natural gas from countries such as the Middle East and Southeast Asia, and the view that Russian gas prices can be kept cheap It has come out.
“The importing country is a better place for pipeline transactions. China will push cheaper gas prices,” said Kurchihin, an analyst at Russia's private consulting firm Lus Energy.
He pointed out that the cost of resource extraction and transportation is high in Siberia, where natural conditions are harsh. “This project has no economic rationality. Selling Siberian gas to China does not generate profits and losses. "It's just overwhelming."
On top of that, “For Putin, a huge project with China is of great significance for the development of national prestige. Russia will advertise to the public that Russia has succeeded in foreign policy. ”And presents a harsh view.