Russian energy giant Gazprom has announced the resumption of natural gas deliveries to China following the completion of scheduled maintenance on the Power of Siberia pipeline. In a statement released via its Telegram channel, Gazprom stated that the maintenance work on the pipeline has been finished and gas transportation has been resumed as planned.
The Power of Siberia pipeline is closed for inspection twice a year, in the spring and autumn, as part of the contract agreement. The temporary halt in gas shipments began on September 21, but now the pipeline is back in operation.
The Power of Siberia pipeline was established in 2019 as part of a 30-year deal between Gazprom and China National Petroleum Corporation (CNPC). This $400-billion agreement stands as the largest ever deal made by Gazprom. The pipeline spans a distance of 3,000km (1,864 miles) and has a capacity of 61 billion cubic meters of gas per year, with 38 billion cubic meters designated for export.
Last year, Russia exported 15.5 billion cubic meters of gas to China via the Power of Siberia pipeline. According to Deputy Prime Minister Aleksandr Novak, this number is projected to increase to 22 billion cubic meters in 2023, highlighting the continued growth in energy cooperation between Moscow and Beijing. Additionally, Gazprom has been steadily increasing gas flows via the eastern route since the beginning of the year, following the signing of an agreement for additional supplies.
Furthermore, Russia and China are collaborating on the Power of Siberia 2 energy project, which involves the construction of a new gas route through Mongolia to meet China’s increasing energy demand.
The completion of scheduled maintenance on the Power of Siberia pipeline marks an important milestone for Russia’s gas exports to China. It ensures a stable supply of natural gas to meet China’s energy needs and strengthens the energy cooperation between the two countries. Gazprom’s successful restart of gas deliveries is a testament to its commitment to the long-term agreement with China and highlights the importance of the Power of Siberia pipeline in facilitating the energy partnership between the two nations.
As Moscow and Beijing continue to deepen their energy cooperation, it will be interesting to observe the future developments not only in gas trade but also in other areas of collaboration within the energy sector. The Power of Siberia pipeline serves as a key component in Russia’s energy strategy, enabling it to tap into its vast natural gas reserves and expand its presence in the Asian energy market.
In conclusion, the completion of scheduled maintenance on the Power of Siberia pipeline and the resumption of gas deliveries to China highlight the strong energy ties between Russia and China. With the steady increase in gas supplies and the ongoing collaboration on the Power of Siberia 2 project, the partnership between these two powerhouses in the global energy landscape is poised to flourish further.