SOURCE: GAZPROM.RU
30 May 2020
GAZPROM IS TURNING TOWARDS CHINA, BUT THERE ARE PROBLEMS With the gloomy prospects for the European gas market, Gazprom is making efforts to send more energy eastwards. The Power of Siberia 2 gas link, a second gas pipeline to China that Russia has just begun to construct, will link the Yamal Peninsula, which holds the country’s biggest proven gas reserves, and China. The Yamal Peninsula already feeds Gazprom’s customers across Europe. Nonetheless, Moscow might have expected its cooperation with China to look differently. Beijing is keen to buy more gas from Russia, yet it is wary of subsidizing Gazprom’s fresh energy projects.
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he Russian energy behemoth has launched works to build its Russia-to-China Power of Siberia 2 energy link, or the Altai gas pipeline. At his meeting with the head of Gazprom in late March, Vladimir Putin gave his go-ahead for the implementation of the project. Gazprom CEO Alexei Miller said on May 18 it had launched feasibility studies for the construction of a second gas pipeline to China. The new energy www.warsawinstitute.org
link is officially slated to connect Russia’s gas infrastructure in the country’s west and east as well as bring gas into the eastern parts of Siberia. The pipeline might pass through Mongolia, Miller said, and it might carry up to 50 billion cubic meters of natural gas per year to China. “Gas from Russia’s Yamal will reach both Europe and Asia,” he added. Russian energy majors are looking to send more commodities 27
