Use "ruble-RMB"!Russia's natural gas export is going to change

On September 7, CNPC website announced that during the seventh Oriental Economic Forum, Dai Houliang, chairman of China Petroleum Corporation (PetroChina), held a video conference with Miller, President of Russia's Natural Gas Industry Co., Ltd. Exchange extensive cooperation in the field. During the meeting, the two parties signed the "China -Russia Eastern Line Natural Gas Purchase and Sale Agreement" related supplementary agreement.

On September 6, the video conference site (Figure 丨 CNPC website)

According to the Russian Satellite News Agency, a statement issued by the Russian Qi Company after the video conference stated that "the company's president Miller and the chairman of PetroChina Dai Houliang discussed the extensive area of ​​cooperation between the company and signed the Natural Gas Pipeline of the China -Russia East Line ( A supplementary agreement for the long -term natural gas sales contract of Siberia. The agreement includes a payment method that will be settled to the settlement of the local currency, that is, using rubles and RMB to supply natural gas to China. "

Miller also said that a new payment mechanism is a mutually beneficial, timely, reliable and practical solution. "I believe that this will simplify the settlement, set an outstanding role model for other companies, and provide extra motivation for our economic development."

Russian Qi Group (Figure 丨 Russian Satellite Society)

Public information shows that the Natural Gas Pipeline of the China -Russia East Line was put into production at the end of 2019 and began to supply natural gas to China. In 2020, it reached 4.1 billion cubic meters, an increase of 2.5 times the next year to 10.4 billion cubic meters. With the progress of the project, the plan is planned to increase the annual annual design of the design of 38 billion cubic meters in 2025.

The Russian gas company also mentioned that during the meeting, the two parties also paid special attention to the "Siberian Power-2" pipeline (Natural Gas Pipeline of the Western Line of China and Russia), the "Oriental Alliance" gas transmission pipeline in Mongolia, and the natural gas of the Sino-Russian Far East Line. pipeline. It is reported that Russia has begun to design the design of related pipelines.

However, Russia did not mention more details, nor did it disclose when it will be converted from the "ruble-RMB" settlement to China natural gas exports.

Sino -Russian East Line Natural Gas Pipeline Heihe First Station (Figure 丨 ICPHOTO)

Since Russia and Ukraine's conflict in February this year, due to the sanctions from Western countries, Russia has been committed to establishing a closer economic connection with non -Western countries such as China. On August 12, the Russian central bank revealed that it is considering the purchase of "friendly" countries such as China, India and Turkey to fill its National Wealth Fund (NWF). The fund is managed by the Russian Ministry of Finance and is part of the Russian central bank's international reserves. The Russian News Agency also reported on August 30 that Russian Prime Minister Michase Beijing stated at a government conference on financial work that day that it is necessary to increase the proportion of rubles in international settlement and gradually abandon the use of non -friendly countries that use non -friendly countries currency.

In addition, Russian Foreign Trade Bank President Andre Cosjing has previously stated that the Western sanctions circle is tightening, and the entire banking industry in Russia must get rid of the US dollar and the euro settlement and be able to settle in the country's currency. He believes that banks in friendly countries are facing threats and are worried about being sanctioned by secondary. Therefore, Russia needs to get rid of the US dollar euro, which is important.

In this regard, during the seventh Oriental Economic Forum, Russian Foreign Trade Bank announced on September 6 that it launched a cross -border remittance business to China RMB. "We are the first Russian banks to set up alternative cross -border bank remittance services with China to set up alternative cross -border bank remittance services in 2023 to increase this cross -border business by 4 times. The workload with Chinese partnerships has increased the popularity of RMB in Russia. "

Source: Observer.com

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