Russia and China strengthen ties with latest gas pipeline deal – News for the Energy Sector


Source: worldnationnews.com worldnationnews.com

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Russia and China are strengthening their energy alliance after agreeing another long-term gas pipeline supply deal amid Moscow’s strained relationship with the West over Ukraine and European gas supply issues. Russia, already China’s third-largest gas supplier, has been bolstering ties with China, the world’s biggest energy consumer, cutting its dependence on its traditional European energy customers. On Friday, Gazprom signed an agreement with China National Petroleum Corporation (CNPC) to supply Russian pipeline gas to China via the Far Eastern route for 30 years. When the gas starts flowing in two to three years’ time it will boost Russian volumes to...