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Mon Dec 2, 2019, 07:48 PM

Huge Siberian gas pipeline binds Russia and China, as gas flows for the first time

MOSCOW - When Russian gas flowed into northern China on Monday, as Presidents Vladimir Putin and Xi Jinping ordered the taps open, it sent geopolitical ripples across the globe.

On one side of the border, Russian gas workers, clad in gray and blue, stood at attention in the Atamanskaya gas compressor station near Blagoveshchensk, close to the Chinese border, waiting for Putin's order to start the flow. Across the border, their Chinese counterparts in bright red overalls stood ready to receive the gas.

The moment was captured on a video link between the two presidents, depicting the gas as little white arrows on the screen, flooding through a blue pipe. The $55 billion pipeline, Power of Siberia, runs almost 1,865 miles from gas fields in Irkutsk and Yakutsk in Siberia to the Chinese border. It represents the latest powerful symbol of the growing ties between Moscow and Beijing, even as China and the United States are engaged in an escalating trade war.


The pipeline enables Russia to tap into China's vast, expanding market for gas as part of a 30-year, $400 billion gas supply contract that promises to soften the impact of Western sanctions on Russia over its 2014 annexation of Crimea. In China, the pipeline will run 3,175 miles from Heilongjiang province in the northeast to Shanghai.

The contract between state-owned Russian gas giant Gazprom and the China National Petroleum Corp., allows Moscow to diversify its markets away from Europe, where most of its gas has flowed in the past.

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https://www.omaha.com/money/huge-siberian-gas-pipeline-binds-russia-and-china-as-gas/article_6b976018-6600-5c1c-81dd-e6cce19336c5.html

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Reply Huge Siberian gas pipeline binds Russia and China, as gas flows for the first time (Original post)
RCW2014 Dec 2 OP
Badsamm Dec 2 #1
RCW2014 Dec 2 #2

Response to RCW2014 (Original post)

Mon Dec 2, 2019, 11:36 PM

1. And not a single US petro dollar exchanged.

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Response to Badsamm (Reply #1)

Mon Dec 2, 2019, 11:42 PM

2. Nord Stream 2 Pipeline Hits 1,000km Marker As US Fails To Talk Europe Out Of Russian Gas Supplies

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