Russian Prime Minister Mikhail Mishustin emphasized the strategic importance of Sino-Russian energy cooperation during a government meeting on Thursday. He noted that the implementation of the agreement on gas supplies to China through the Far Eastern route would bring benefits to both Russia and China, as well as invigorating social, economic and technological development in the Far Eastern regions.
The intergovernmental agreement on cooperation in natural gas supplies from Russia to China via the Far Eastern route is a significant development in Sino-Russian energy relations. The deal was signed in 2014, and it aims to supply 38 billion cubic meters of gas annually to China.
According to Mishustin, the Sino-Russian energy cooperation has become strategic, with the share of settlements in national currencies rising, and major long-term joint projects being implemented. The Prime Minister highlighted that the Far Eastern regions would benefit from the agreement, which would provide an opportunity to develop the region’s infrastructure and create new jobs.
The Far Eastern region of Russia is sparsely populated, and the implementation of the agreement will bring significant benefits to the region’s economy. The Far Eastern region of Russia has long been an important area for Russian-Chinese cooperation, with several large projects already implemented, including the construction of a gas pipeline from Russia to China via the Power of Siberia project.
The Sino-Russian energy cooperation is a key pillar of the strategic partnership between the two countries. The energy cooperation between Russia and China has been growing in recent years, with China becoming Russia’s largest crude oil importer and Russia becoming China’s largest crude oil supplier.
In conclusion, the implementation of the agreement on gas supplies to China through the Far Eastern route is a significant development in Sino-Russian energy cooperation. The agreement will bring significant benefits to both Russia and China and will invigorate social, economic and technological development in the Far Eastern regions of Russia. The Sino-Russian energy cooperation has become strategic, and the partnership between the two countries is expected to continue to grow in the coming years.
