Kazakhstan has told Russia it wants to join plans to boost gas exports to China, proposing that a new pipeline being drawn up by Moscow is connected to the Central Asia nation, Kazakh Prime Minister Askar Mamin said on Nov. 25.
Russia expects to start up its first gas pipeline to China, known as Power of Siberia, on Dec 2. The pipeline aims to transport 38 billion cubic meters (Bcm) of gas a year when it reaches its full capacity.
Russian gas producer Gazprom is considering two more projects to boost gas exports.
One project involves extending into China a pipeline that now runs from the offshore Sakhalin region to Vladivostok, the eastern Russian city that lies close to the Chinese border.
Another project involves building a pipeline, dubbed Power of Siberia-2, to deliver gas to China from Western Siberia.
Mamin said Kazakhstan, an oil and gas producer, had informed Russia it wanted the route of the Power of Siberia-2 pipeline to run through Kazakhstan. He said Moscow had yet to respond to the proposal.
Royal Dutch Shell (NYSE: RDS. A) said on Dec. 10 it would expand the Shearwater gas hub in the British North Sea, its seventh project to get the green light in the ageing basin this year.
Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.
U.S. oil producers sought on Jan. 23 to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.