Russian President Vladimir Putin and Chinese leader Xi Jinping to launch a gas pipeline that is the first of three ambitious projects intended to cement Moscow's role as top gas exporter
Putin and Xi to inaugurate by video link-up the"Power of Siberia" pipeline, in a move that will strengthen their ties amid Moscow's confrontation with the West. Russia also plans to launch two more gas pipelines that will ramp up supplies to Europe.
Russia is also planning to soon launch two more gas pipelines that will ramp up supplies to Europe while bypassing Ukraine. "Russia is not only creating new income streams, but hedging its bets and bolstering its position strategically," said energy analyst Andrew Hill. "This is important for our country, this is important for China," he said ahead of the launch, stressing that the project would create jobs and infrastructure in Russia's Far East.The pipeline, which Putin has called "the world's biggest construction project," crowns years of tough negotiations and work in difficult conditions.
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