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Energy ties with Russia 'important for China'

The nation should maintain close cooperation with Russia in the energy sector and accelerate a new natural gas pipeline project, said Vice-Premier Zhang Gaoli on Friday in Beijing during his meeting with Alexei Miller, president of Russia's state-owned natural gas giant Gazprom OAO. [...] Based on bilateral agreements, China and Russia will accelerate the construction of a western natural gas pipeline linking Russia's Siberia and northwestern China.”

Han Xiaoping, chief information officer of China Energy Net Consulting Co Ltd, said facing political pressure from the West and domestic financial difficulties, Russia needs to swallow its pride and cooperate with China intensively. 'The first item on Russia's agenda should be opening up its energy market for Chinese companies, which will be beneficial for both countries,' Han said.”

China and Russia signed a $400 billion natural gas supply contract in May, under which Gazprom will supply China with 38 billion cubic meters of gas annually for 30 years, starting in 2018, through the planned eastern pipeline. The pipeline will connect Russia to China's northeastern Heilongjiang province and from there connect with the industrialized cities along China's eastern coast.”

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