Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on December 2, 2019
Russia Opens Giant Gas Link to China
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cemented their energy cooperation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
Gas started flowing toward China through the link, which has become a symbol of President Vladimir Putin’s pivot to the fast-growing economies of Asia as relations deteriorate with the West. The pipeline, which runs from Russia’s enormous reserves in eastern Siberia and will eventually be 3,000 kilometers (1,900 miles) long, will help satisfy China’s vast and expanding energy needs.
“The tap is open, gas is being supplied to the gas transportation system” of China, Alexey Miller, chief executive officer of Gazprom PJSC, told Putin via videolink from the compression station near the Chinese border.
Gazprom, Russia’s biggest gas producer, signed the $400 billion contract to supply as much as 38 billion cubic meters of gas annually for 30 years with China National Petroleum Corp. in 2014, after more than a decade of talks. It’s Gazprom’s biggest contract ever.
“This step is bringing Russian-Chinese strategic cooperation in energy to a whole new level,” Putin said to his Chinese counterpart Xi Jinping via videolink. Xi called it “a milestone project for the bilateral energy cooperation.”
Gazprom plans to start with deliveries of 10 million cubic meters a day and aims to reach peak capacity by 2025. Minimum exports to China via the pipeline will be 5 billion cubic meters in 2020, 10 billion in 2021 and 15 billion in 2022, according to the company.
Gazprom hasn’t disclosed the price of the gas, but Putin has said it’ll be linked to oil prices, similar to the formula for European consumers. While Russia will have to compete with seaborne supplies of liquefied natural gas from producers such as Qatar and Australia, the expectation is that growth in China’s energy needs will require more pipeline and LNG capacity. That will benefit other Russian firms such as Novatek PJSC, which is developing LNG on the Yamal peninsula in the Kara Sea.
Gas consumption in China, Asia’s biggest economy, has surged in recent years as the government pressures homes and factories to use it in place of coal to combat air pollution. Imports reached 43% of total gas supply in 2018, with about two-fifths of that arriving via pipeline from Central Asia and Myanmar, with the rest sourced as LNG
RIGZONE
25 Comments on "Russia Opens Giant Gas Link to China"
Robert Inget on Mon, 2nd Dec 2019 1:55 pm
This little story is related to to the pipeline article,
believe it or don’t.
https://www.usatoday.com/story/news/world/2019/12/02/puppy-found-permafrost-18000-years-old-russian-scientists/4350717002/
First, the facts: long sections of that Siberian PL
built on permafrost.
That ‘puppy’ was buried in permafrost for 18,000
years. Only now has cold dog come to the surface.
I won’t insult you tieing these two facts together.
Cloggie on Mon, 2nd Dec 2019 2:21 pm
“I won’t insult you tieing these two facts together.”
Now let me see… it is now just as warm/cold as 18000 years ago.
No need to be insulted.
Cloggie on Mon, 2nd Dec 2019 2:32 pm
“This step is bringing Russian-Chinese strategic cooperation in energy to a whole new level”
US sanctions against Russia are a joke.
They achieved a Eurasian energy autark bloc and many in Europe are tempted to join.
Richard Guenette on Mon, 2nd Dec 2019 2:39 pm
The US doesn’t want people in any “Third World” country to be prosperous, healthy and safe.
Harquebus on Mon, 2nd Dec 2019 3:27 pm
I have a feeling that, when China can no loger pay for these resources, they will just take them. Siberia being the closest.
China’s customers are essentially bankrupt and China’s domestic concerns will soon take priority. It’s only a matter of time.
Cloggie on Mon, 2nd Dec 2019 3:43 pm
“I have a feeling that, when China can no loger pay for these resources, they will just take them. Siberia being the closest.
China’s customers are essentially bankrupt and China’s domestic concerns will soon take priority. It’s only a matter of time.”
If they would do that, they would drive Russia in the arms of the West and China would be isolated. China would do that only in panic mode. Not a realistic option for the coming years.
dissident on Mon, 2nd Dec 2019 9:46 pm
Yeah, Russians know nothing about building on permafrost. They only build railways on it for decades. For example BAM and its current expansion. And Russia has plenty of oil and gas pipelines in the permafrost zone:
https://www.globalsecurity.org/military/world/russia/images/map-gas-pipelines-2017.jpg
Southern Siberia north of Mongolia and China is actually much less of a challenge in terms of permafrost:
https://www.researchgate.net/profile/Nikolay_Shiklomanov/publication/250171972/figure/fig1/AS:424378035904512@1478191016015/Contemporary-map-of-permafrost-distribution-in-Russia-based-on-Brown-et-al-1997.png
Bloomer on Mon, 2nd Dec 2019 9:54 pm
Ya we keep saying China will fail. Their communistic government will end in ruin, bankrupt, like the USSR. But yet they got the US multinational corporations running scared as they are losing their market share. Will tariff man stop the bleeding….not likely.Shipping out all that American manufacturing has backfired. So long Pax Americana,
supremacist muzzies jerk on Mon, 2nd Dec 2019 11:05 pm
The who Epstein thing is overly muzzie lovin’
There’s enough material on muzzies sex slavery to employ all dhimmi journalists for thousands of years. Not a word
Coverage of muzzies rape would definitely be vastly profitable include jeopardy games on muzzies doctrine about rape, and conviction with live showing of muzzies in muzzies anti rape machine
print baby print on Tue, 3rd Dec 2019 4:48 am
Now let me see… it is now just as warm/cold as 18000 years ago. Exactly cloog but the pipeline isn.t made for such condiction, because as we all know . THERE IS NO SUCH A THING LIKE MAN MADE GLOBAL WARMING.
JuanP on Tue, 3rd Dec 2019 7:18 am
The Power of Siberia, TurkStream, and NordStream 2 pipelines are all going online as we speak. Russia can now completely bypass both Poland and Ukraine. Those fuckers have lost their power to extort and black mail the Russians. Long live Russia! Long live Putin! Tulsi 2020! Trump 2020!
Cloggie on Tue, 3rd Dec 2019 7:52 am
France announces anti-US countermeasures if Trump starts sanctions:
https://m.spiegel.de/wirtschaft/handelsstreit-mit-donald-trump-frankreich-kuendigt-moegliche-eu-gegenwehr-an-a-1299409.html
Hit them hard!
Death to the West!
JuanP on Tue, 3rd Dec 2019 7:57 am
“Those fuckers have lost their power to extort and black mail the Russians. Long live Russia! Long live Putin! Tulsi 2020! Trump 2020!”
oops, I am being emotional and using the f*word to cover up my lack of intelligence that is evident in all my comments. I am a high school drop out BTW
full woke supremacist muzzies jerk maximum newspeak I love cocks I love every kind of cocks so anyway I'm a cock lover and I love to run sorry I'm being emotional I'm thinking about cocks again i just love cock said SAW SAWS pbuh swt juanPee on Tue, 3rd Dec 2019 7:58 am
full woke supremacist muzzies jerk maximum newspeak I love cocks I love every kind of cocks so anyway I’m a cock lover and I love to run sorry I’m being emotional I’m thinking about cocks again i just love cock said SAW SAWS pbuh swt juanPee
Robert Inget on Tue, 3rd Dec 2019 8:10 am
Siberian Pipeline opening.
https://www.intellinews.com/russia-s-55bn-power-of-siberia-gas-pipeline-to-china-comes-online-172649/
Picture showing PL snow covered supports.
JuanP on Tue, 3rd Dec 2019 10:07 am
I’m so so depressed. My life sucks
Davy on Tue, 3rd Dec 2019 10:45 pm
Long live the DavySkum
Oh, and Long live Russia! Long live Putin! Tulsi 2020! Trump 2020! as well.
JuanP on Tue, 3rd Dec 2019 10:46 pm
Long live the DavySkum
Oh, and Long live Russia! Long live Putin! Tulsi 2020! Trump 2020! as well.
supremacist muzzies jerk on Tue, 3rd Dec 2019 10:49 pm
Not supertard obv. Supertard only makes love to the ebony cock.
ull woke supremacist muzzies jerk maximum newspeak I love cocks I love every kind of cocks so anyway I’m a cock lover and I love to run sorry I’m being emotional I’m thinking about cocks again i just love cock said SAW SAWS pbuh swt juanPee on Tue, 3rd Dec 2019 7:58 am
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway on Tue, 3rd Dec 2019 11:08 pm
High English is difficult and used for documenting describing and conveying causality science. Unfortunately highly English is full of muzzies love
Example muzzies is not muzzies because proper reading of muzzism is peaceful. Then next we read muzzies was buried at sea as muzzies
Low English puts it.. muzzies died like a dog
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway on Tue, 3rd Dec 2019 11:18 pm
High English is difficult and used for documenting describing and conveying causality science. Unfortunately highly English is full of muzzies love
Example high English muzzies is not muzzies because proper reading of muzzism is peaceful. Then next we read muzzies was buried at sea as muzzies
High English conveys theoretical and factual. The goal is giving maximum info. Only supertards can digest rich info of high English
Low English puts it.. muzzies died like a dog
Low English does not give context. It only describes observations the best way. Suppose dying like a cow is bad then low English says muzzies died like a cow
Idiot JuanP on Wed, 4th Dec 2019 3:55 am
MY GOD, stupid was triggered yesterday. What a mental case.
this is stupid’s ID theft and stupid socks:
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway said High English is difficult and used for documenting…
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway said High English is difficult and used for documenting…
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway said The muzzie anti rape machine was designed by white…
supremacist muzzies jerk said Not supertard obv. Supertard only makes love to th…
JuanP said Long live the DavySkum Oh, and Long live Russia! L…
authentic reading of muzzies is peaceful said Proper reading of authentic muzzism shows it is pe…
Davy said Long live the DavySkum Oh, and Long live Russia!…
full woke supremacist muzzies jerk I knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeed giveaway said Whitey who son was killed hoped “no pretext&…
supremacist muzzies jerk said Whitey supertard in Vermont college said negative…
supremacist muzzies jerk said muzzie lovin’ UN says climate change destroy…
REAL Green said For anyone that cares. I snuggled widdle davy in f…
The Church Lady said “above not superturd obviously” Doesn&…
Inquiring Minds Want to Know said Why does DavyTurd comment using multiple sock pupp…
Davy said low English is dah best mfers!
supremacist muzzies jerk said Duncan Idaho on Tue, 3rd Dec 2019 8:36 pm “Appear…
Truth Buster said Looks like DavySkum is up to his old ID Theft and..
JuanP on Wed, 4th Dec 2019 7:00 am
I did therapy for over a decade and most of it was a waste, but I had one therapist for a year who understood my psychopathic issues and that helped, though I am still thoroughly screwed up.
Robert Inget on Wed, 4th Dec 2019 7:24 am
“Brent” is drying up.
The world’s most famous oil and gas field—and the backbone of global crude pricing—has dried up. Soon the Brent benchmark will have no Brent oil.
Royal Dutch Shell RDS.B -1.67% PLC is expected next year to plug the last remaining Brent oil wells, located in the North Sea’s East Shetland Basin, about 115 miles northeast of Scotland’s Shetland Islands. The closures mark the end of an era, as the industry shifts its focus to smaller oil finds near existing infrastructure.
Many companies are shutting down platforms above massive fields discovered in the 1970s, but Brent stands apart as one of the first and most significant of these finds. The field has generated billions of dollars for Shell, its partner in the field, Exxon Mobil Corp. and the U.K. government.
In the late 1980s, Brent crude became the benchmark on which most of the world’s oil is priced and is still used to set the price of the multi-trillion dollar Intercontinental ExchangeBrent futures market.
Shrinking Basket
Oil production that sets the Brent price is forecast to fall without new additions from North Sea fields.
Source: S&P Global Platts Analytics
Note: Forecasts are from 2019 onward
.million barrels a day
2010
’15
’20
’25
0.0
0.5
1.0
1.5
2.0
“The role it has played is a cornerstone for this industry now for 40 plus years,” said Steve Phimister, vice president of upstream and director of U.K. operations at Shell.
The Brent benchmark will keep its name and increasingly represents a blend of North Sea crudes, with the potential to include oil from other locations in the future.
Shell discovered the field in 1971 and named it after the brent goose, keeping with the seabird theme the company used for naming its discoveries at the time. Developing it was a huge and expensive undertaking. Standing as tall as the Eiffel tower, Brent Charlie, the last active platform of Brent’s original four, was built to withstand some of the most hostile conditions on earth.
The North Sea’s wave heights of up to 12 meters and gale-force winds of up to 100 miles an hour make it a place for “hardy individuals,” said Aberdeen-based Alan Lawrie, who joined Shell in 1984 when he was 16 years old. Now 51 and manager of Shell’s Charlie platform, he said Brent was the field everyone vied to work on
JuanP on Thu, 5th Dec 2019 8:03 pm
“West Siberia-China natural gas pipeline under discussion.”
http://www.globaltimes.cn/content/1172347.shtml