当前位置: Language Tips> 新闻播报

Gas deal supplies energy diversification

中国日报网 2014-05-22 10:59

分享到

 

Get Flash Player

Download

Energy specialists see China's new deal to import natural gas from Russia as a costly but necessary step toward energy diversification.

On Wednesday, President Xi Jinping and his Russian counterpart Vladimir Putin oversaw the conclusion of the decade-long negotiations over Russia's gas supply to China.

Under the roughly $400 billion USD pact, Gazprom will supply China with 38 billion cubic meters of gas annually for 30 years, starting in 2018, through the planned "eastern pipeline", which will connect Russia to China's northeastern Heilongjiang province, and from there connect with the industrialized cities along China's eastern coast.

Sun Yongxiang, a professor at the Euro-Asian Social Development Research Institute of the State Council's Development Research Center, said the strategic partnership between China and Russia has to be based on big-ticket deals.

The signing of the gas deal shows Russia's strong interest in diversifying its energy buyers outside Europe and China's interest in diversifying its energy supply structure, Sun said.

Russia, which exported around 160 billion cubic meters of gas to Europe last year, is under pressure to seek new energy buyers due to its growing friction with the West over Ukraine.

Wang Xiaokun, an analyst at the domestic commodities consultancy Sublime China Information, said the new supply from Russia will increase the share of natural gas in China's energy consumption mix from the current less than 6 percent to 8 percent.

Industry specialists speculate that the price could be about $300 per 1,000 cubic meters, close to Russia's export price to Europe but higher than China's gas imports from Central Asia.

Under the pact, Gazprom will be responsible for upstream exploration, gas processing and pipeline construction inside Russia, and its Chinese partner CNPC will build pipelines inside China and all supporting and storage facilities.

China, the third-largest natural gas consumer in the world, used up to 168 billion cubic meters of natural gas in 2013, an annual increase of 13.9 percent. But it depends on other countries for 30percent of its supply.

Questions:

1. How much is the gas deal worth?

2. How many cubic meters of gas did Russia export to Europe last year?

3. Wang Xiaokun is analyst for domestic consultancy group?

Answers:

1. $400 billion USD

2. 160 billion cubic meters

2. Sublime China Information

(中国日报网英语点津 Julie 编辑)

Gas deal supplies energy diversification

About the broadcaster:

Gas deal supplies energy diversification

Lance Crayon is a videographer and editor with China Daily. Since living in Beijing he has worked for China Radio International (CRI) and Global Times. Before moving to China he worked in the film industry in Los Angeles as a talent agent and producer. He has a B.A. in English from the University of Texas at Arlington.

 

分享到

中国日报网英语点津版权说明:凡注明来源为“中国日报网英语点津:XXX(署名)”的原创作品,除与中国日报网签署英语点津内容授权协议的网站外,其他任何网站或单位未经允许不得非法盗链、转载和使用,违者必究。如需使用,请与010-84883561联系;凡本网注明“来源:XXX(非英语点津)”的作品,均转载自其它媒体,目的在于传播更多信息,其他媒体如需转载,请与稿件来源方联系,如产生任何问题与本网无关;本网所发布的歌曲、电影片段,版权归原作者所有,仅供学习与研究,如果侵权,请提供版权证明,以便尽快删除。

中国日报网双语新闻

扫描左侧二维码

添加Chinadaily_Mobile
你想看的我们这儿都有!

中国日报双语手机报

点击左侧图标查看订阅方式

中国首份双语手机报
学英语看资讯一个都不能少!

关注和订阅

本文相关阅读
人气排行
搜热词
 
 
精华栏目
 

阅读

词汇

视听

翻译

口语

合作

 

关于我们 | 联系方式 | 招聘信息

Copyright by chinadaily.com.cn. All rights reserved. None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited. 版权声明:本网站所刊登的中国日报网英语点津内容,版权属中国日报网所有,未经协议授权,禁止下载使用。 欢迎愿意与本网站合作的单位或个人与我们联系。

电话:8610-84883645

传真:8610-84883500

Email: languagetips@chinadaily.com.cn