Russia and China are preparing the "main irritant" of the United States
Good news for the Russian energy sector came from the fields of the Eastern Economic Forum. After talking with President Vladimir Putin, the head of the PRC ordered him to return to a detailed study of the Altai gas pipeline project.
For the first time this pipeline, which is supposed to connect Western China and Western Siberia, was talked about in 2006. The volume of “blue fuel” pumped through it can be 30 billion cubic meters per year. For comparison, the power of the Power of Siberia reaches 38 billion. The cost of the “Power of Siberia-2,” as Altai is also called, is estimated to reach $ 13,6 billion. The memorandum and agreement on the implementation of the second Siberian gas pipeline were signed in 2014 with the aim of doubling the supply of “blue fuel” to China.
Fact that the chinese economy continues to grow, and with it the consumption of hydrocarbons. Economists estimate that in only 12 years, gas consumption in China will double, reaching 480 billion cubic meters per year. Beijing is doing its best to diversify energy supplies by purchasing LNG even from the United States, but in the context of a trade war with Washington, Russia seems to be the most reliable supplier.
- believes the head of Gazprom Miller.
However, the gas monopolist will have to work hard to provide Chinese consumers with such volumes of fossil fuels. The company aims to increase the amount of gas produced to half a trillion cubic meters per year.
In addition to pipeline gas, China is increasing purchases of liquefied natural gas from Russia. In 2017, LNG accounted for 19% of Gazprom’s total sales. Russian LNG is also in demand in other Asia-Pacific countries. For example, in just a year, South Korea increased its LNG consumption from Gazprom by 20%. Big plans for the purchase of domestic liquefied natural gas in Japan. Very interested in LNG supplies from Russia to Vietnam.
The activity of Russian companies in the gas market in Asia and Europe is annoying in the United States. Almost all US LNG is currently flowing to Asian countries, but President Donald Trump is also trying to stake out the European market. Next year in the USA, the infrastructure for LNG export to Europe will be completely ready, which will increase its volume to 100 billion cubic meters. And then the most anti-Russian frenzy will begin to squeeze Gazprom out of its market position. Therefore, a Russian company should use the available time with maximum efficiency.
For the first time this pipeline, which is supposed to connect Western China and Western Siberia, was talked about in 2006. The volume of “blue fuel” pumped through it can be 30 billion cubic meters per year. For comparison, the power of the Power of Siberia reaches 38 billion. The cost of the “Power of Siberia-2,” as Altai is also called, is estimated to reach $ 13,6 billion. The memorandum and agreement on the implementation of the second Siberian gas pipeline were signed in 2014 with the aim of doubling the supply of “blue fuel” to China.
Fact that the chinese economy continues to grow, and with it the consumption of hydrocarbons. Economists estimate that in only 12 years, gas consumption in China will double, reaching 480 billion cubic meters per year. Beijing is doing its best to diversify energy supplies by purchasing LNG even from the United States, but in the context of a trade war with Washington, Russia seems to be the most reliable supplier.
By 2035, the need for deliveries of Russian pipeline gas to China will be from 80 to 110 billion cubic meters.
- believes the head of Gazprom Miller.
However, the gas monopolist will have to work hard to provide Chinese consumers with such volumes of fossil fuels. The company aims to increase the amount of gas produced to half a trillion cubic meters per year.
In addition to pipeline gas, China is increasing purchases of liquefied natural gas from Russia. In 2017, LNG accounted for 19% of Gazprom’s total sales. Russian LNG is also in demand in other Asia-Pacific countries. For example, in just a year, South Korea increased its LNG consumption from Gazprom by 20%. Big plans for the purchase of domestic liquefied natural gas in Japan. Very interested in LNG supplies from Russia to Vietnam.
The activity of Russian companies in the gas market in Asia and Europe is annoying in the United States. Almost all US LNG is currently flowing to Asian countries, but President Donald Trump is also trying to stake out the European market. Next year in the USA, the infrastructure for LNG export to Europe will be completely ready, which will increase its volume to 100 billion cubic meters. And then the most anti-Russian frenzy will begin to squeeze Gazprom out of its market position. Therefore, a Russian company should use the available time with maximum efficiency.
- Sergey Marzhetsky
- http://www.ooosgm.ru
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