In March 2006, Russia's energy giant Gazprom and China National Petroleum Corporation signed a protocol on gas supplies from Russia to China. The protocol covers the timeframe, volume and routes of gas supplies and the gas price formula.
The Altai gas pipeline is considered the principal gas route - the western route - to connect gas deposits in West Siberia with provinces in western China through the Republic of Altai. Gazprom will also deliver gas via a route from Russia's Far East. Gas supplies via both routes will total 68 billion cubic meters a year and are expected to start in 2011.
"At present we have finished technical and economic assessment of the [Altai] project," said regional leader Alexander Berdnikov.
A Russian-Chinese expert group will prepare a feasibility study of the Altai project by the end of this year, an official from the Ministry of Industry and Energy said.
"A group of experts under a Russian-Chinese working group is working on the Altai project and we are expecting positive results by the end of the year," Igor Shcheupov said Wednesday at a roundtable on cooperation between Russia and China in the energy sphere.
Russia is already a major supplier of crude to the world's second largest consumer, but gas supply routes from Siberia to the Chinese cities of Daqin and Shanshan remain on the drawing board, as does another route from the offshore Sakhalin energy project to the northeastern city of Harbin. China is seeking to double the share of natural gas in its total primary energy balance to 6% by 2010.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Removing Protesters’ Barricades in Kiev
Infographics: First Russian Smartphone
Some people are trying to make the reality in Russia at least a bit more humane. The amnesty should apply not only to persons involved in high-profile cases, but also to individuals who are not as well-known. It is better to set free at least some of the individuals who deserve to be released than no one at all.