Russia and China announce a new pipeline to reduce US dependence

“Dear friend, both I and all Russian delegation are happy to meet our friends and colleagues once again,” Putin A Xi told a bilateral meeting whose images were released on the official Kremlin channel on Telegram.

“Our close communication reflects the strategic nature of relations between Russia and China, which are at an unprecedented level,” added the Russian President.

China confirms Russian gas agreement

Since the beginning of the war in Ukraine, China has become the country’s main economic partner led by Putin, the result of a “boundless” partnership in 2022 to seek to circumvent the influence of the West.

The green flag for the feasibility of the pipeline, however, was not yet certain. The project can provide 50 billion additional gas cubic meters per year to China through Mongolia, from Yamal gas fields. If you get out of paper, the Asian country, the world’s largest energy consumer, will have more options to reduce its dependence on the United States liquefied natural gas (LNG).

Russian state -owned CEO Gazprom, Alexei Miller, announced that a “legally binding memo” was agreed after bilateral conversations between Xi and Putin in Beijing and a trilateral meeting with Mongolian representative. Prices have not yet been set.