Russia and China’s $13 Billion Oil and Gas Pipeline Project: Why Is Mongolia No Longer Needed?
#china #chinanews #russia #europe #naturalgas #pipeline
Russia has long been gaining economic benefits by exporting natural gas to Europe. But in recent years, in order to find new markets, they reached a preliminary agreement with China on a natural gas project in 2021.
This large-scale project is expected to invest more than $13 billion and plans to build a 2,600-kilometer natural gas pipeline to deliver energy directly to China. According to the original plan, the project was supposed to start construction this year and is expected to be completed within four years.
However, recent discussions on the project have become somewhat complicated. Some Western media reported that China seems reluctant to let the pipeline pass through Mongolia, but prefers to choose to bypass Kazakhstan.
Obviously, this choice will make the negotiations on the project more tortuous, and it may be difficult to reach an agreement within this year. So the question is, why is China unwilling to let t
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