To mitigate this reliance on LNG, China embarked on a strategic shift, focusing on building pipelines to diversify its natural gas sources.
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CryptoMavenFri Jun 21 2024
One such initiative saw the establishment of pipelines connecting China to Myanmar and Central Asia, allowing for the import of natural gas from these regions.
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EclipseSeekerFri Jun 21 2024
In 2014, China made a significant stride in its energy diversification efforts by signing an agreement with Russia on natural gas imports.
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ShintoSanctuaryFri Jun 21 2024
The agreement centered on the Power of Siberia pipeline, a major infrastructure project designed to transport natural gas from Russia to China.
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LorenzoFri Jun 21 2024
China's LNG supply landscape in that year was diversified, with 85% originating from Australia, Indonesia, Malaysia, and Qatar. This dependency posed challenges for the country's energy security.