Spotlight: Landmark gas pipeline to boost China-Russia energy cooperation

Chinese President Xi Jinping has a video call with his Russian counterpart Vladimir Putin, as the two heads of state jointly witness the launching ceremony of the China-Russia east-route natural gas pipeline, in Beijing, capital of China, Dec. 2, 2019. (Xinhua/Xie Huanchi)

“The east-route natural gas pipeline is a landmark project of China-Russia energy cooperation and a paradigm of deep convergence of both countries’ interests and win-win cooperation,” Xi told Putin.

MOSCOW, Dec. 3 (Xinhua) — The China-Russia east-route natural gas pipeline began operation on Monday and is set to propel bilateral cooperation in the energy sector, providing a significant boost to both sides.

Chinese President Xi Jinping took part in a video call with his Russian counterpart Vladimir Putin on Monday, as the two heads of state jointly witnessed the launch ceremony of the pipeline.

“The east-route natural gas pipeline is a landmark project of China-Russia energy cooperation and a paradigm of deep convergence of both countries’ interests and win-win cooperation,” Xi told Putin.

Putin said the launch has lifted bilateral strategic coordination to a new level.

The pipeline is scheduled to provide China with 5 billion cubic meters of Russian gas in 2020. The amount is expected to increase to 38 billion cubic meters annually from 2024, under a 30-year contract worth 400 billion U.S. dollars signed between the China National Petroleum Corp and Russian gas giant Gazprom in May 2014.

The pipeline has a 3,000-km section in Russia, known as the Power of Siberia, and a 5,111-km stretch in China.

Source:www.xinhuanet.com/english/2019-12/03/c_138603290.htm