Russia-China Gas Pipeline Gets Green Light in New Deal

TaiwanPlus News

Russia's state gas company has signed a deal to build the 3,000-kilometer Power of Siberia 2 pipeline, designed to deliver about 50 billion cubic meters of gas a year from southern Russia through Mongolia to northeast China. Gazprom’s CEO called it the world’s largest and most capital-intensive gas project, and officials said the gas would be supplied to China at cheaper rates than for European customers. The announcement follows bilateral talks between Chinese President Xi Jinping and Russian President Vladimir Putin in Beijing.

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00:00Russia and China have signed a deal for a new natural gas pipeline, one that will send

00:05more gas to China and at lower prices than Europe pays.

00:09The 3,000-kilometre project, known as Power of Siberia II, could deliver 50 billion cubic

00:16metres of gas per year from southern Russia through Mongolia to north-east China.

00:22The CEO of Russian state-owned energy giant Gazprom says it will be the world's largest

00:27and most capital-intensive gas project.

00:30Russia also said it would increase deliveries to China through existing pipelines.

00:36The announcement follows bilateral talks between the Chinese and Russian presidents in Beijing.

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