Putin, Xi launch ‘historic’ Russia-China gas pipeline

Date:

spot_imgspot_img

Moscow: Russian President Vladimir Putin and Chinese leader Xi Jinping on Monday launched the first gas pipeline linking the two countries.
The mammoth Power of Siberia pipeline connecting the world’s top gas exporter and its largest energy importer crowns years of tough negotiations and work in difficult conditions.
“Today is remarkable, a truly historic event not only for the global energy market, but first of all for us and for you, for Russia and China,” Putin said during a televised ceremony featuring the two leaders.
Xi said the project “serves as a model of… mutually beneficial cooperation between our countries.” “The development of Sino-Russian ties is and will be a foreign policy priority for both our nations,” Xi said on Russian television in translated remarks.
Alexei Miller, head of Russian gas giant Gazprom which championed the project, said nearly 10,000 people had worked to build the enormous pipeline. During the ceremony Miller was shown ordering workers to open a valve allowing gas to pass across the border into China.
“Gas is going to the pipeline system of the Chinese People’s Republic,” he said. The 3,000-kilometre (1,850-mile) pipeline runs from remote regions of eastern Siberia to Blagoveshchensk on the border, then into China. Russia and China signed a 30-year, USD 400 billion deal to build and operate the pipeline in 2014, after a decade of difficult talks. It was Gazprom’s biggest contract.
The company is to supply China with 38 billion cubic metres (1.3 trillion cubic feet) of gas annually when the pipeline is fully operational in 2025.
Gazprom has stressed that the pipeline ran through “swampy, mountainous, seismically active, permafrost and rocky areas with extreme environmental conditions”. (AFP)

spot_imgspot_img

Related articles

High drama at Asia Cup: ICC rejects PCB demand; Pakistan delay match

Dubai, Sep 17: Pakistan withdrew its pullout threat and showed up for a crucial Asia Cup game against...

Pakistan qualify for Asia Cup Super Fours after beating UAE

Dubai, Sep 17: Pakistan made short work of an inexperienced UAE batting unit by winning their last group...

N Jagadeesan’s fifty drives India A vs Australia A

Lucknow, Sep 17: Narayan Jagadeesan’s half-century helped India A reach 116 for one in reply to Australia A’s...

Mandhana ton powers India to 102-run win against Australia

Mullanpur, Sep 17: Smriti Mandhana smashed the second-fastest ODI century by an Indian woman as the hosts handed...