China imports 1.58B cubic meters of natural gas via landmark pipeline by Russia

Time:2020-06-05 11:09:37      Source:Xinhuanet.com
Heihe Customs in northeast China's Heilongjiang Province has supervised the importation of 1.58 billion cubic meters of natural gas via the China-Russia east-route natural gas pipeline over the past six months.
 
The cross-border gas pipeline has a 3,000-km section in Russia and a 5,111-km stretch in China.
 
On Dec. 2, 2019, a 1,067-km section of the northern part of the pipeline was officially put into operation, marking the start of a new era in bilateral energy cooperation.
 
Entering China via the border city of Heihe and running through nine provinces, municipalities and autonomous regions, the pipeline has also been connected with existing natural gas networks in China to allow the Russian natural gas supply to reach China's northeast, Beijing-Tianjin-Hebei and the Yangtze River Delta regions.
 
The pipeline is scheduled to provide China with 5 billion cubic meters of Russian gas in 2020 and the amount is expected to increase to 38 billion cubic meters annually from 2024, under a 30-year contract worth 400 billion U.S. dollars signed between the China National Petroleum Corp (CNPC) and Russian gas giant Gazprom in May 2014.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-20
Shuozhou 5200 435 0 FOR 06-20
Ordos 5500 415 0 ex-mine 06-20
Yulin 6200 535 0 ex-mine 06-20
Liulin Low-sulphur 560 0 ex-mine 06-20
Gujiao Low-sulphur 1095 0 FOR 06-20
Xingtai Low-sulphur 1210 0 ex-Factory 06-20
Yangquan PCI 770 0 FOR 06-20
Index RMB/t WoW WoW% Date
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