Russia to Double Natgas Volume to China in 2021 as Cold Spell Bites

SEATTLE (Oil Monster):  Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic meters per day, as of Jan. 3, in order to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said.

This will put on track an annual volume of 10 billion cubic meters (bcm) for 2021 that doubles last year's level, state-run infrastructure group PipeChina said on Sunday, without providing comparison figures of the supply level prior to Jan. 3.

The increased volume of supply was due to a new 1,110-km (689.72 miles) pipeline extension in December that starts at Changling in northeast China's Jilin and ends at Yongqing in northern China's top steelmaking region of Hebei.

The Power of Siberia project has pumped in 1.13 bcm of gas to China ever since the heating season started around mid-November, with most of it headed towards smog-prone Beijing-Tianjin-Hebei regions.

PipeChina, which was launched in October 2020, acquires oil and gas pipeline, terminal and storage assets from national energy majors under a reform aimed at providing greater infrastructure access to non-state players.

Courtesy: www.economictimes.com