RT.com
07 Dec 2022, 19:43 GMT+10
Work on a key section of the East Route pipeline is reportedly finished
A crucial section of the East Route natural gas pipeline between Russia and China has been completed, Xinhua News agency reported on Wednesday, citing construction company PipeChina.
It will allow gas to be transported from Russia to China's eastern economic powerhouse Shanghai, according to the report.
The 5,111 km cross-border pipeline reportedly enters China via the border city of Heihe in northeastern Heilongjiang Province, and runs through nine provincial-level regions, supplying natural gas to areas along the route, including Beijing, Shanghai, and Tianjin.
It is part of the East Route project, connecting to the 3,000 km Power of Siberia pipeline in Russia.
The East Route was partially launched in December 2019, becoming the first pipeline to supply Russian gas to China. The mega project, which is expected to be completed and become fully operational by 2025, will provide China with 38 billion cubic meters of Russian natural gas annually, starting in 2024. That could help reduce carbon dioxide emissions by 164 million tons per year, according to PipeChina.
The energy corridor will boost the energy security and economic development of the eastern regions of China, the company said.
The East Route is part of a $400 billion, 30-year agreement between Russia's Gazprom and the China National Petroleum Corporation, signed in May 2014.
The two companies are also working on a western gas route, which involves the construction of a pipeline to China through the territory of Mongolia. The route will be capable of delivering as much as 50 billion cubic meters of gas, once operational.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Dublin News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
DUBLIN, Ireland: Irish Rail incurred over 26,000 euros in damages due to a series of graffiti incidents carried out by a 24-year-old...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
DUBLIN, Ireland: Taoiseach Micheál Martin has expressed cautious optimism that the European Union and the United States can strike...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
DUBLIN, Ireland: Despite extreme heat gripping much of mainland Europe, Irish holidaymakers are pressing ahead with their travel plans,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...