Arctic gas to ease winter shortage
China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.
China's imports from the Yamal project play a significant role in substantially boosting China's oil and gas reserves, ensuring a steady, long-term supply, said Jiang Qi, general manager of the CNPC Russia, a subsidiary of CNPC, the country's largest oil and gas producer by annual output.
China will take more than 4 million metric tons from Russia's Yamal liquefied natural gas project each year when it is fully operational, said CNPC, which is an investor in the project.