Moscow is ratifying an agreement between the Russian and Chinese governments on the supply of natural gas to China via the Far East route. Such a draft federal law, prepared by the Ministry of Energy, is published on the federal portal of draft regulatory legal acts.
According to the document, the document on cooperation between countries on this project was signed in Moscow and Beijing at the end of January.
“Ratify the Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on cooperation in the field of natural gas supplies from the Russian Federation to the People’s Republic of China along the “Far Eastern” route, signed in Moscow and Beijing on January 31, 2023,” the bill states.
In the meantime, according to RIA Novosti, the Ministry of Energy confirmed the signing of an intergovernmental agreement on the supply of blue fuel via the Far Eastern route, stating that it is to be ratified.
Earlier, Parlamentskaya Gazeta wrote that, according to Russian President Vladimir Putin, Moscow and Beijing are likely to increase their trade turnover to $200 billion ahead of schedule. At the end of 2022, Russia ranked second in pipeline gas supplies to China, as well as fourth in liquefied natural gas (LNG). At the same time, in 2023 the country plans to increase the pumping of gas to China, the head of state pointed out.
• Russia and China are switching to payments for gas in rubles and yuan • The Foreign Ministry said that Russia and India are moving away from the dollar and the euro in mutual trade • Zakharova recalled that Russia spoke about the US connection with the undermining of gas pipelines