The conduit will boost supplies by 45 billion cubic meters per year, according to Aleksandr Novak
Russia has begun developing a new gas pipeline to China via Kazakhstan that will have a planned annual capacity of 45 billion cubic meters (bcm), Deputy Prime Minister Aleksandr Novak told the broadcaster Russia 24 on Wednesday.
China will receive 35 bcm of gas per year via the conduit, while the remainder will go to Kazakhstan.
The official highlighted the project’s strategic importance during discussions on bilateral energy cooperation.
“The process has been launched,” Novak said, adding that it includes technical and economic feasibility studies and negotiations to finalize the framework of the agreement.
As part of the deal, Kazakhstan, which will host part of the pipeline’s infrastructure, is set to receive up to 10 bcm of gas annually.
Kazakh Energy Minister Almasadam Satkaliyev confirmed the country’s interest in the project, emphasizing its benefits for the country’s energy supply. “Kazakhstan fully supports this project [that] will [supply] our northern regions,” he told journalists on Tuesday.
China is Russia’s biggest trade partner and the economic cooperation between the two nations has been steadily increasing despite unprecedented Western sanctions on Moscow. Bilateral turnover is expected to surpass $200 billion by the end of the year, Russian Ambassador to China Igor Morgulov said back in October.
Russian energy major Gazprom reported a new daily record for gas deliveries to China via the Power of Siberia pipeline earlier this month. Under a bilateral agreement, Russia will supply 38 bcm of gas annually to the Asian country via the pipeline starting in 2025.
