China and Russia have met to discuss the construction of the proposed 2,657-km Altai natural gas pipeline that would link the two countries.
China’s Vice Premier Zhang Gaoli and Gazprom CEO Alexei Miller met in Beijing to discuss further cooperation in upstream and downstream, natural gas supply services, and energy sales, local Chinese news sources reported.
Russia and China signed a memorandum of understanding on the Altai pipeline in November 2014. The pipeline would transport gas from Russia’s West Siberian fields to the Xinjiang Uyghur Autonomous Region of China.
Industry analysts have stated that Russia is interested in seeking partnerships with Asia to help with the production and marketing of its hydrocarbon resources following expanded US and EU sanctions that have led western companies to reduce their operations with Russia.