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Putin-Parameters Agreed On Altai; 98bcm Of Gas To China By 2030


Comments from Russian President Vladimir Putin hitting wires, says that he and Chinese President Xi Jinping discussed the Power of Siberia 2/Altai gas pipeline, and that "practically all parameters are agreed" for its construction. States that Russia will deliver "at least 98bcm of gas to China by 2030."

  • Putin states that he is "ready to help Chinese businesses to replace Western firms that left Russia."
  • Russian president adds that he sees the potential to develop the Northern Sea Route with China. In 2021, Chinese-flagged ships traversed the NSR - running along Russia's Arctic coastline - 11 times, a number only exceeded by Russian and Portuguese-flagged ships. The development of the route would afford Chinese-flagged ships a more-fuel efficient route to markets in Europe compared to the Suez Canal route.

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