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China to have joint venture with Russia in LNG production

October 18, 2014, 13:35 UTC+3 MOSCOW
On October 13 Russia and China signed an agreement on supplies of the Russian natural gas along the so-called eastern route - the Sila Sibiri (Power of Siberia) gas pipeline
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MOSCOW, October 18. /TASS/. China’s Premier Li Keqiang said the country has made a decision to organise a joint venture with Russia to produce liquefied natural gas in Tianjin.

In an interview with the Vesti on Saturday television programme he expressed satisfaction with the progress in cooperation between the two countries in that sphere.

On October 13, during a meeting between Russia’s Prime Minister Dmitry Medvedev and Li Keqiang, Russia and China signed an agreement on supplies of the Russian natural gas along the so-called eastern route - the Sila Sibiri (Power of Siberia) gas pipeline.

“As this project goes operational, we shall receive much gas as ecology-friendly, “green” fuel,” Chinese premier said.

China continues modernisation, and we have to fight consequences from the climate change, he said, “which is important not only for China, but generally for preservation of the Far East’s nature.”

The fact that Russia opened access for Chinese companies to production of oil and gas resources in its territory “demonstrates the high level of the Chinese-Russian relations,” he said.

“Now, in the times of new technologies in the energy sector and under the conditions of big price fluctuations in the energy market, it is most important that we jointly manage those risks,” the premier said.

“China is an ancient country with the civilisation of over 5,000 years,” Li said. “We are proud of our glorious traditions, culture and history. At the same time, we realise the big historic burden referring to the process of modernisation.”

“We decided to borrow the best international experience in managing technologies and generally - of the civilisation of mankind. We believe that openness is the only source of strength to promote reforms. We are revealing the creative potential of people so that millions of our people could learn to drift the waves of fair competition. So, we do not have any secrets: the golden key means reforms and openness,” the Chinese premier said in conclusion.

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