AGL 38.18 Decreased By ▼ -0.22 (-0.57%)
AIRLINK 142.98 Increased By ▲ 7.98 (5.91%)
BOP 5.07 Decreased By ▼ -0.02 (-0.39%)
CNERGY 3.77 Decreased By ▼ -0.02 (-0.53%)
DCL 7.56 Decreased By ▼ -0.03 (-0.4%)
DFML 44.48 Increased By ▲ 0.03 (0.07%)
DGKC 76.25 Decreased By ▼ -1.15 (-1.49%)
FCCL 26.95 Increased By ▲ 0.07 (0.26%)
FFBL 52.00 Decreased By ▼ -0.97 (-1.83%)
FFL 8.52 Decreased By ▼ -0.02 (-0.23%)
HUBC 125.51 Increased By ▲ 1.71 (1.38%)
HUMNL 9.99 Increased By ▲ 0.05 (0.5%)
KEL 3.74 Increased By ▲ 0.01 (0.27%)
KOSM 8.15 Increased By ▲ 0.07 (0.87%)
MLCF 34.75 Increased By ▲ 1.05 (3.12%)
NBP 58.71 Increased By ▲ 0.22 (0.38%)
OGDC 154.50 Increased By ▲ 4.55 (3.03%)
PAEL 25.15 Increased By ▲ 0.45 (1.82%)
PIBTL 5.93 Increased By ▲ 0.08 (1.37%)
PPL 118.31 Increased By ▲ 6.66 (5.97%)
PRL 24.38 Increased By ▲ 0.48 (2.01%)
PTC 12.00 Decreased By ▼ -0.10 (-0.83%)
SEARL 56.00 Decreased By ▼ -0.89 (-1.56%)
TELE 7.05 Increased By ▲ 0.05 (0.71%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 6.98 Decreased By ▼ -0.07 (-0.99%)
TREET 13.98 Decreased By ▼ -0.18 (-1.27%)
TRG 46.10 Decreased By ▼ -0.13 (-0.28%)
UNITY 26.00 Decreased By ▼ -0.08 (-0.31%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 8,822 Increased By 86.7 (0.99%)
BR30 26,723 Increased By 466.7 (1.78%)
KSE100 83,532 Increased By 810.2 (0.98%)
KSE30 26,710 Increased By 328 (1.24%)

MOSCOW: Moscow is ready to help Chinese businesses replace Western firms that have left Russia over the Ukraine conflict, President Vladimir Putin told Chinese leader Xi Jinping on Tuesday during talks at the Kremlin.

Speaking on the second day of Xi’s state visit to Moscow, Putin also said the two leaders had discussed the proposed Power of Siberia 2 pipeline, which would ship Russian gas to China.

The planned pipeline would deliver 50 billion cubic metres (bcm) of natural gas per year from Russia to China via Mongolia. Moscow put forward the idea many years ago, but it has gained urgency as Russia turns to China to replace Europe as its major gas customer.

Xi calls Russia ties priority on Moscow trip

“I am convinced that our multi-faceted cooperation will continue to develop for the good of the peoples of our countries,” Putin said in televised comments to Xi, adding that Russia is a “strategic supplier” of oil, gas and coal to China.

Xi said China and Russia should work more closely to push forward greater “practical cooperation”.

“The early harvest of (our) cooperation can be seen, and further cooperation is being advanced,” Xi told Putin, according to Hong Kong cable television.

Russia’s Gazprom already supplies gas to China through the Power of Siberia pipeline under a 30-year, $400 billion deal launched at the end of 2019. That pipeline spans some 3,000 km (1,865 miles).

Russia’s gas exports to China are still a small fraction of the record 177 bcm it delivered to Europe in 2018-19. Since the start of the Ukraine conflict in February 2022, volumes to Europe have shrunk, reaching about 62 bcm in 2022.

Putin said on Tuesday Russia would deliver at least 98 bcm of gas to China by 2030.

The Russian and Chinese presidents were expected to discuss in detail the Ukraine crisis later on Tuesday after Putin provided some “clarifications” of Moscow’s position to Xi in a first round of talks on Monday.

Comments

Comments are closed.

ABZ Mar 22, 2023 10:36am
So we will now have the world divided into two parts.... hmmm interesting
thumb_up Recommended (0)