The chiefs of Gazprom and China National Petroleum Corp met in Beijing on Friday to chart wider Russian gas deliveries, as the Power of Siberia pipeline nears full 38 billion-cubic-metre capacity and the two sides still haggle over prices for a larger Siberia-2 link.
Russia’s state gas giant said Chief Executive Alexei Miller and CNPC Chairman Dai Houliang “considered further steps to expand co-operation in pipeline and LNG supplies” during the talks, part of Moscow’s drive to deepen energy ties with the world’s biggest gas consumer.
Since Moscow’s 2022 invasion of Ukraine, Gazprom has lost most of its European market and is pivoting east. Exports through the 3,000-km Power of Siberia line, which began operating in late 2019, are on track to hit its design capacity of 38 billion cubic metres a year—about 1.3 trillion cubic feet—by December, company data show.
The partners have also agreed to ship 10 billion cubic metres annually from Russia’s Sakhalin Island starting in 2027, but years of negotiations on the 50 billion-cubic-metre Power of Siberia 2 project via Mongolia remain bogged down in pricing and contract terms, officials familiar with the talks said.
Kremlin aides hope a visit by President Vladimir Putin to Beijing in early September—his second trip since striking a “no-limits” partnership with President Xi Jinping—can unblock the deal. China’s leader travelled to Moscow on a state visit in May.
Chinese demand for natural gas rose more than 7 % last year and already accounts for roughly one-quarter of global growth, according to the International Energy Agency. If Siberia 2 proceeds, Russia could ship nearly 100 billion cubic metres a year to China, matching its pre-war pipeline sales to the European Union.
CNPC did not immediately comment on the outcome of Friday’s meeting. Energy analysts say Beijing is balancing the proposed Russian route against a delayed Central Asia pipeline from Turkmenistan, aiming to diversify import risks while securing competitive prices.
French President Emmanuel Macron will appoint a new prime minister within 48 hours, his office said Wednesday, following the resignation of Sebastien ...
U.S. President Donald Trump says he may travel to the Middle East this weekend as talks continue on a potential deal to end the war in Gaza....
Russian President Vladimir Putin arrived in Tajikistan on Wednesday for a series of meetings with leaders of former Soviet republics focused on region...
Escalating gang violence in Haiti has displaced 680,000 children, nearly twice as many as last year, as armed groups seize more territory and basic se...
A 29-year-old man has been arrested in connection with a devastating wildfire that killed 12 people and destroyed thousands of homes in Los Angeles ea...
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
More than 200 health facilities in war-hit eastern Congo have run out of medicines due to widespread looting and supply chain disruptions during fighting this year, the International Committee of the Red Cross (ICRC) said on Wednesday.
Iran's Foreign Minister Abbas Araghchi rejected as “incorrect” the report by a Kuwaiti newspaper on recent contacts between Tehran and Washington and also condemned President Trump's threats of renewed attacks if Iran resumed nuclear enrichment.
The 7th Moscow Format Consultations on Afghanistan has concluded in Russia with participants issuing a joint statement heavily hinting at a joint opposition to any foreign military infrastructure in Afghanistan.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Russia’s central bank has ruled the state violated minority shareholders’ rights in seized assets, signaling rare pushback against nationalisation.
A newly elected German mayor survived multiple stab wounds in a shocking family attack.
Cristiano Ronaldo has become football’s first billionaire player, according to Bloomberg, which tracks the world’s richest individuals.
Germany has ended its fast-track citizenship programme, reflecting a shift in public attitudes toward migration and integration.
French President Emmanuel Macron will appoint a new prime minister within 48 hours, his office said Wednesday, following the resignation of Sebastien Lecornu amid political deadlock.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment