Gazprom’s Power of Siberia natural gas pipeline from Russia to China is 93 percent complete, the Russian gas giant said in an update on its major projects

China intends to increase natural gas supplies from Russia and Kazakhstan in the near future, China News Service reported citing a representative of the National Energy Administration of China

Although China has backpedaled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China to play the oil card in the future – including imports from Iran despite sanctions, and drawing closer to Russia

BRICS Youth Energy Association Summit will be held as part of the Russian Energy Week International Forum on October 4-6, 2018, in Moscow, Russia

China and Russia have resumed talks for the Power of Siberia-2 liquefied natural gas trade route, from which a successful deal could lead to the Eurasian country becoming China’s top LNG supplier, as ties between the world’s second-biggest economy and the United States continue to waver

The northern segment of the Russia-China gas pipeline is due to come online in October 2019 with a capacity of 5 billion cubic metres per year, the official Xinhua news agency reported