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Russia is projecting a new pipeline to Chinaafter Gazprom signed an agreement with the China National Petroleum Corporation (CNPC) to supply 10 billion cubic meters (m3) of gas a year.
The announcement was made by the CEO of Gazprom, Alexei Miller, who noted that, until August, the volume of gas supply to China increased by 60%, compared to the same period last year.
“We know that the Chinese market is the most dynamic in the world and, in the next 20 years, the increase in gas consumption in China will account for 40% of the increase in global gas consumption“, Miller said, quoted by the EFE agency, during a conference dedicated to the day of workers in the oil and gas industry.
Thus, he referred to the signing of a new gas supply contract to China, a route called “Far East”.
When the pipeline reaches its maximum capacity, the volume of Russian gas supply to China will increase by 10 billion cubic meters per year for 25 years.
To this we must add the 38,000 million m3 that the Russian company Gazprom will send to China, over three decades, through the gas pipeline”siberian force“.
Miller further said that Russia is steadily increasing supplies to China through the pipeline.”the force of “, where he broke several daily delivery records.
However the Global demand suffered a drop of 40,000 million of m3 between January and August.
Of this amount, 30,000 million m3 went to the European Union, which is trying to reduce its energy dependence on Russia.
Source: Observadora
