• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 59 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 19 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 5 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 20 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 1 day Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 6 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 23 hours "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 16 hours Storage of gas cylinders
  • 3 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Biden Administration Begs OPEC For More Oil

Biden Administration Begs OPEC For More Oil

The Biden administration is not…

Gazprom’s Power Of Siberia To Start Pumping In 2 Years

The Power of Siberia natural gas pipeline to China will start pumping the fuel by late December 2019, Gazprom’s CEO Alexei Miller said today. Two-thirds of the 2,500-mile pipeline has already been laid, Miller added.

Gazprom has a 30-year contract with China’s CNPC for the supply of an annual 1.3 trillion cu ft of natural gas via the infrastructure. Its completion is among Gazprom’s top priorities for next year, according to plans approved by the company last week. The other top priority is the expansion of the Nord Stream pipeline to Europe – the Nord Stream 2, which has become a major headache for the European Union on concern that it will deepen the its dependence on Russian gas supplies.

Natural gas demand in China is growing at a fast rate and, according to a recent report by Eurasia Daily, the Power of Siberia will be essential in to solve future gas shortages in the north of the country. This winter, northern China is experiencing a shortage of gas due to colder than usual weather and the local authorities have had to enact restrictions on gas consumptions.

Chinese natural gas consumption surged through the first 11 months of 2017, up 19 percent year-on-year, and the pace of demand growth will only intensify. The country is already the third largest consumer of natural gas in the world, behind the U.S. and Russia, and is expected to show the strongest demand growth over the coming decades—propelling it to second place by 2040, as the econom,y shifts away from coal.

Asia’s biggest economy has also become the second-largest importer of LNG, overtaking South Korea. That’s very good news for U.S. LNG exporters, supported by fresh data that Chinese LNG imports from the U.S. skyrocketed to a record 407,325 tons in November. That was up by 57 percent in October.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News