Russia and China plan to sign co-operation agreements on gas and crude oil deliveries, Russian Minister of Industry and Energy Viktor Khristenko told RIA Novosti news agency in Beijing. He was commenting on the results of last week’s sixth session meeting of the Russia-China subcommission on energy co-operation.
The two sides agreed to draft new bilateral agreements to co-operate in oil and gas, engineering and energy infrastructure building.
Mr Khristenko said decisions on individual oil and gas projects will depend on the domestic discussions of energy policy in China.
“This is why we asked our Chinese colleagues to inform us about their energy strategy, so that the Russian government and companies could be given the direction in this interaction. We have provided our Energy Strategy until 2020 to China,” he was quoted as saying.
The two sides also discussed the proposed construction of the Russia-China oil pipeline.
He said Russia could only discuss the project after it has completed a detailed ecological and technical study, which could take up to six months.
“As for the route of the pipeline across Russia, this is a purely Russian affair,” he said.
The pipeline can run along the Pacific coast to Nakhodka port delivering Siberian crude oil to Japan, South Korea and possibly the US, or to Daqing city in China.
Mr Khristenko said he is confident that the volume of crude oil deliveries to China by railway would increase.
“We expect to deliver 6.5 million tons of crude oil to China by year-end, 10 million tons in 2005 and 15 million tons in 2006,” he said.