Deputy Prime Minister Novak invited China to jointly develop deposits in Russia
Russia invited China to jointly develop coal deposits in Russia Prime Minister Alexander Novak, his words are quoted on the government website.
For example, we are talking about the development of the Zashulan coal deposit in Siberia (Trans-Baikal Territory). The share in it belongs to the largest coal company in China Shenhua. It is planned that in 2024-2027, coal mining at this field will reach its design capacity of five million tons.
“Thanks to joint efforts, cooperation in the energy sector has reached an unprecedented high level. Our countries are confidently overcoming the negative consequences of the epidemic and are successfully solving the problem of returning cooperation to the growth trajectory. Last year, bilateral trade amounted to $ 104 billion, “the Deputy Prime Minister noted.
Novak added that Russia plans to conclude new long-term contracts for the supply of coal to China. Last year, its deliveries to China soared by 20.6 percent (up to 39.5 million tons). Gas export volumes also increased. As of the end of October, 12 billion cubic meters of gas were pumped eastward through the Power of Siberia pipeline.
Lack of coal has become one of the reasons for the energy crisis in China. At the end of September, power outages in residential buildings and at work began in the country due to a lack of electricity.