The European Union banned gas supplies from Russia after Russia attacked Ukraine. However, the inside thing is that the gas in the European Union is reaching Russia only. The only change has come that now it is reaching through China. Simply put, Russia, failing to sell its gas to the EU, is channeling China. In this way, his gas supply is also not getting interrupted and he is also making a profit. At the same time, China is also earning by bargaining in the middle. Perhaps this is the reason why the plan for the Russia-China gas pipeline is also taking a new form.
Gas supply is happening since December 2019
By the way, Russian Energy Minister Alexander Novak clarified earlier this year about replacing the damaged Nord Stream 2 gas link. The supply of natural gas from Russia to China was started in December 2019. The supply began under a $400 billion contract in 2014 between Russian gas company Gazprom and China's National Petroleum Corporation. The contract was signed for 30 years and Russia has supplied 10 billion cubic meters of natural gas to China. This gas from Russia has been used in North-East China's Heilongjiang province, Beijing and Tianjin.
Gas pipeline nearing completion
Now China and Russia are on the verge of completing a new gas pipeline. Through this gas will be supplied from Siberia to Shanghai. On the Russian side, this pipeline is being called the Power of Siberia. The 3000 km long pipeline will run from eastern Siberia to Shanghai in eastern China. Its initial test will be on October 25, during which a pressure test will be done. The pipeline will pass through China's east coast to the capital Beijing and then to Shanghai. According to Chinese state media, its middle phase started in December 2020, while the final south part will start gas delivery in 2025.
didn't know the future then
When Gazprom and China's National Petroleum Corporation signed an agreement on gas supply in 2014, no one had imagined what its future would be in 2022. Today Russia is on the verge of losing natural gas delivery agreements with the European Union and allies due to the war with Ukraine. If this happens, two-thirds of Russia's gas purchases will be affected. On the other hand, China is also looking at the other side regarding energy sources. On the other hand, the volume of gas supply running since 2019 has increased after the Russo-Ukraine war. In such a situation, it seems to be a strategy by China to take advantage of Russia's weakness. China also has the option of importing natural gas from other suppliers such as Turkmenistan.
New pipeline via Mongolia
China and Russia are in discussions to build another pipeline. It is expected to pass through Mongolia and reduce the time and cost of transportation of natural gas. While the Power of Siberia-1 passes through East China, the new pipeline is expected to pass through Mongolia. It will travel from the Yamal-Nenets region to Mongolia and China, supplying 50 billion cubic meters of gas annually. It will be known as the Power of Siberia-2. Preparations for its construction can be done in late 2024 or early 2025 and it is estimated to be completed by 2030.
Transactions in Rubel and Yuan
Gazprom and China National Petroleum Corporation have agreed to pay each other in rubel and yuan. The intention behind this is to reduce dependence on the US dollar and the euro. Gazprom CEO Alexey Miller said in a statement that it will be a profitable, timely, reliable, and practical solution for both countries.
Is China supplying Russian gas to the EU?
According to the information, Europe's gas storage is currently filled up to 80 percent due to China's LNG exports. Export data from China and Chinese LNG companies shows that it has increased after Russia's supply to the European Union was cut off. Reports suggest that 7 percent of the EU's gas is being imported from China. This raises the question of whether China is taking gas from Russia and selling it to the European Union. If this continues, Russia can supply more gas to China. In such a situation, on the one hand, Russia's gas exports will also continue and China will continue to make profits by reselling it. Diplomatic experts say that Russia can take advantage of this situation in this way. However, how long this will last is difficult to say as the EU has other options such as Norway, Turkmenistan, Qatar, Israel, and Iran.
Brij Bhushan Singh: 25 people testified against Brij Bhushan Singh, with only photo as evidence, no video found
25 people have testified against former Wrestling Federation of India (WFI) president and BJP MP Brij Bhushan Sharan Singh. These include the victim wrestler, international wrestler Bajrang Punia, two
Death toll in Turkey-Syria from devastating earthquake crosses 19,300, slow rescue operations anger people
The death toll from Monday's devastating earthquake in Turkey and Syria has reached above 19,300. With the speed of relief and rescue work in the affected areas, the number of dead and injured is also
North Korea: Dictator Kim Jong's strange decree, women and girls with daughter's names change their name
In North Korea, girls and women named after the daughter of dictator Kim Jong Un are being forced to change their names. This report has been released by Fox News quoting two anonymous sources.
Bharat Ratna: BJP leader LK Advani will get Bharat Ratna, CM Yogi congratulated; said this
Veteran Bharatiya Janata Party leader Lal Krishna Advani will be honored with the country's highest honor Bharat Ratna. The Central Government will honor him with Bharat Ratna. Prime Minister Narendra
US Shooting: Firing at Michigan State University in America, one killed; many people were injured
The incident of firing has come to the fore once again in America. According to the news agency Reuters, shots were fired at Michigan State University in East Lansing on Monday. In which one has died,
Singham Again Worldwide BO Collection: Singham Again roars, sets 4 records, becomes Ajay's fourth film to join the 300 Cr club
Director Rohit Shetty and Ajay Devgan's Singham Again have created new records worldwide. The film has become the third Bollywood movie of 2024 to enter the 300-crore club worldwide. The film has hit
PM Modi Speech Highlights: PM Modi mentioned AI to Ukraine crisis in the US Parliament, and said these big things
Prime Minister Narendra Modi while addressing the US Parliament said that India is the mother of democracy. America is the oldest democracy, while India is the largest democracy in the world. The PM
Simi Grewal trolled for defending Abhishek Bachchan amid news of divorce from Aishwarya, deleted the post.
Abhishek Bachchan is in the headlines these days for his personal life. If reports are to be believed, Abhishek is having an affair with Dasvi co-star Nimrat Kaur and he is going to separate from
In preparations for action against terrorists, PM Modi reached Delhi; and held a meeting with officials at the airport itself.
After the painful terrorist attack in Pahalgam, Jammu and Kashmir, Prime Minister Narendra Modi cut short his visit to Saudi Arabia. The Prime Minister has returned to Delhi on Wednesday morning and
Air India preparing to buy 500 new aircraft: will order 400 small and 100 large aircraft, which will be the biggest deal in the company's history
Air India is preparing to buy 500 new aircraft. According to reports, Tata Group's Air India is going to place orders for 500 new aircraft to be included in its fleet. These will include 400 small
