Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Russia cements role as gas 'kingpin' with three new pipelines
By Andrea Palasciano and Anna Smolchenko
Moscow (AFP) Dec 2, 2019

Russian President Vladimir Putin and Chinese leader Xi Jinping launch Monday a gas pipeline that is the first of three ambitious projects intended to cement Moscow's role as top gas exporter.

Putin and Xi are to inaugurate by video link-up the "Power of Siberia" pipeline, sending Siberian gas to China in a move that will strengthen their ties amid Moscow's confrontation with the West.

Russia is also planning to soon launch two more gas pipelines that will ramp up supplies to Europe while bypassing Ukraine.

TurkStream, which Putin and Turkish leader Recep Tayyip Erdogan hope to launch in January, is to transport Russian gas to Turkey.

Nord Stream-2, which would double Russian gas volumes to Germany, is expected to go online in mid-2020.

Analysts said the three projects have long-term economic and political benefits for Russia, which has inserted itself between European markets to the west and the rapidly growing Chinese market to the east.

"Russia is not only creating new income streams, but hedging its bets and bolstering its position strategically," said energy analyst Andrew Hill.

"The ability to play one off against the other will not have been lost on either Gazprom or the Kremlin," Hill, who leads the S&P Global Platts EMEA gas and power analytics team, wrote in a blog post.

He said the three projects were a sign that the Russian gas industry -- "this kingpin of the global gas sector" -- was becoming more mature.

Putin's spokesman Dmitry Peskov said the significance of the 3,000-kilometre (1,850-mile) Power of Siberia pipeline running from remote regions of East Siberia to Blagoveshchensk on the Chinese border was hard to overestimate.

"This is important for our country, this is important for China," he said ahead of the launch, stressing that the project would create jobs and infrastructure in Russia's Far East.

- 'Biggest construction project' -

The pipeline, which Putin has called "the world's biggest construction project," crowns years of tough negotiations and work in difficult conditions.

A 30-year, $400 billion deal was signed in 2014 after a decade of tortuous talks. It was the Russian gas giant Gazprom's biggest contract.

Gazprom is to supply China with 38 billion cubic metres (1.3 trillion cubic feet) of gas annually when the pipeline is fully operational in 2025.

Gazprom stressed that the pipeline ran through "swampy, mountainous, seismically active, permafrost and rocky areas with extreme environmental conditions".

Temperatures along the route plunge to below minus 6o degrees Celsius in Yakutia and below minus 40 C in the Russian Far East's Amur Region.

Speaking in Moscow last week, Chinese vice foreign minister Le Yucheng said the pipeline would boost cooperation and allow the two countries "to complement each other's strengths and pursue common rejuvenation."

Ahead of the launch, officials also said work had been completed on the first road bridge between Russia and China.

The bridge, which is to open next year, will connect the city of Blagoveshchensk and the northern Chinese city of Heihe.

The Power of Siberia launch comes amid continued wrangling over Nord Stream 2.

The 9.5-billion-euro ($10.6-billion) pipeline has faced opposition from countries in eastern and central Europe, the United States and particularly Ukraine because it is likely to increase Europe's dependence on Russian natural gas.

US President Donald Trump has threatened to hit Nord Stream 2 and those tied to it with sanctions.

While praising Russia's gas projects with China and Turkey, Thierry Bros, an energy analyst at the Davis Center for Russian and Eurasian Studies at Harvard, said the Baltic energy link had become a victim of strong opposition from many in the West.

"Nord Stream 2 is not a success," he told AFP, noting that it was hard to say when Gazprom would be able to fully capitalise on its investment.

apo-as/wai

GAZPROM


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Scientists stumble upon 'large' Turkmenistan gas plant leak
Paris (AFP) Nov 27, 2019
Scientists studying a volcano in Turkmenistan have identified a major leak of methane coming from a nearby gas plant, potentially offering a new way of monitoring emissions of the damaging greenhouse gas. Writing in the journal Geophysical Research Letters, they outline how they discovered the leak and calculated that it had emitted around 140 kilotonnes of methane from February 2018 to January 2019. Previous satellite monitoring of methane had only been able to detect levels of the gas averaged ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Green palm oil push: Kit Kat, Dove makers could face fines

Biotech breakthrough turns waste biomass into high value chemicals

New study analyzes viability of sustainable fuels developed through ORNL process

Researchers design an improved pathway to carbon-neutral plastics

OIL AND GAS
Responsible finance bets on green future

Ternary acceptor and donor materials increase photon harvesting in organic solar cells

Watershed and ISM Solar announce formation of watershed solar development

Scratching the surface of perovskites

OIL AND GAS
DTEK reaches 1 GW of renewable energy generation capacity in Ukraine

Global winds reverse decades of slowing and pick up speed

Superconducting wind turbine chalks up first test success

Breaking down controls to better control wind energy systems

OIL AND GAS
S. Africa to create extra space for nuclear waste

Russian Greenpeace protests against depleted uranium cargo

Framatome unveils new hot rolling machine at its Rugles factory

Nuclear fuel alternatives after Fukushima have challenges ahead

OIL AND GAS
China says developed countries lack 'political will' on climate goals

US, EU 'owe half the cost' of repairing climate damage

'All guns blazing' as Madrid races to host climate summit

Australian PM denies climate link as smoke chokes Sydney

OIL AND GAS
BMW to build electric Mini in China

VW defends Xinjiang car plant after China cables

US probe faults Uber, human error in self-driving car crash

Uber may contribute more transport pollution than solution: study

OIL AND GAS
Iraqis keep up anti-regime demos despite PM's vow to quit

Eight Iraq protesters killed in clashes: medics, security sources

Iraqi protesters torch Iran consulate amid deadly protests

Denmark offers to lead NATO training mission in Iraq

OIL AND GAS
Pope to list nuclear weapons as immoral in Catholic manual

South Korea, Japan seek summit after intel pact thaw

In Hiroshima, pope assails 'crime' of nuclear weapons

Iran environmentalists receive prison sentences of up to 10 years









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.