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Volumes of LNG supplies from Russia to China will be equal to the pipeline - Sechin

Asia (bbabo.net), - Volumes of deliveries of liquefied natural gas from Russia to China may in the future be equal to the pipeline. This, speaking at the Russian-Chinese business forum, was stated by the head of Rosneft Igor Sechin, reports today, November 29, TASS.

In the near future, according to him, gas supplies to China through the pipeline will exceed 100 million cubic meters.

“The volume of pipeline gas supplies from Russia to China will exceed 100 billion cubic meters in the foreseeable future. m per year. At the same time, the capabilities of the Russian resource base of natural gas significantly exceed these volumes,” Sechin said.

This, according to the head of Rosneft, is both about the gas reserves of Western Siberia, redirected from the European direction, and about the vast resource base in the East of Russia.

“No less promising is the growth in deliveries of Russian liquefied natural gas to China. Today, relatively small volumes of LNG are exported from Russia to China, but in the future, LNG supplies may become comparable to supplies under pipeline projects,” he added.

Sechin added that pipeline gas supplies from Russia to China could grow by 60% this year. It is expected that in 2022 over 15 billion cubic meters will be delivered to China via the Power of Siberia pipeline. At the same time, the total capacity of existing and prospective gas pipelines from Russia to China is about 100 billion cubic meters. m, which is equivalent to 27% of China's gas consumption last year.

Rosneft's gas reserves in Eastern Siberia and the Far East, which could potentially be delivered to China via pipelines, exceed 2 trillion cubic meters. meters," Sechin concluded.

Volumes of LNG supplies from Russia to China will be equal to the pipeline - Sechin