• Chinese expert expects rising demand for Russian gas as pipeline network expands

    sxcoal.com General,  Import & Export 2023-12-06 08:40:35

    Demand for Russian natural gas in China is expected to increase as more cities switch to environmentally-friendly energy sources and the country's pipeline network expands, according to a Chinese expert.

     

    As more Chinese cities abandon coal and oil in favor of cleaner natural gas to meet carbon emissions targets, demand in China is rising sharply, Song Kui, president of the Contemporary China-Russia Regional Economy Research Institute, told the Global Times.

     

    "Once the gas pipeline construction reaches the cities in the Yangtze Delta and eventually Shanghai, the demand for Russian gas will obviously rise even higher," he added.

     

    Song's comments come as Sino-Russian trade and economic ties strengthen, particularly in agriculture and electromechanical products. However, he noted that energy cooperation will remain a core pillar of the bilateral relationship.

     

    "Gas projects will provide vivid examples of mutual cooperation," Song said.

     

    China Oil & Gas Pipeline Network Corp reported that Russian gas deliveries via the Power of Siberia pipeline to China have exceeded 20 billion cubic meters this year, setting a new record. Total volumes since the pipeline opened four years ago have now surpassed 50 bcm.

     

    Russia exported 15.5 bcm of gas to China via Power of Siberia in 2022. Exports through the pipeline are expected to reach around 22 bcm this year, with full capacity of 28 bcm to be matched by 2025.

     

    (Writing by Alex Guo  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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