International energy cooperation is all the more important as the global development pattern changes rapidly. It is reported that the Russian State Duma passed a bill on the approval of Russia and Cosco East route gas supply cooperation agreement. According to earlier news, Russia and China plan to build a pipeline from Dalinelechensk in Russia to Hulin in China across the Ussuri River under the Far East Pipeline cooperation project.

In early February 2022, Gazprom and petrochina signed a long-term contract on the annual export of 10 billion cubic meters of natural gas to China via the Far East Route. After the project is implemented, the total supply of natural gas from Russia to China will reach 48 billion cubic meters. Russian Prime Minister Mikhail Mishustin said earlier that the implementation of the Russia-China cooperation agreement on gas supply from Russia to China via the Far East Route is beneficial to both countries and will further promote the development of Russia's Far East region.

Gazprom began supplying natural gas to China through the Power of Siberia Pipeline in 2019 and will supply 15.5 billion cubic meters of gas to China through the pipeline in 2022. The pipeline is expected to reach a designed annual capacity of 38 billion cubic meters by 2025.

The intergovernmental agreement is for the construction of the cross-border section of the gas pipeline, which starts at the Dalilechensk gas measuring station in Russia, crosses the Ussuri River and ends at the Hulin Station in China (without the gas measuring station and the starting point). The construction and operation of the line sections in Russia shall be designed by Gazprom, while the line sections in China shall be designed by petrochina. Both sides advocate settlement in local currencies. Editor/Xu Shengpeng