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Russia, China Discuss Beijing's Participation in Russian Lng Projects, Minister Says
Published by Global Banking & Finance Review®
Posted on May 8, 2025
2 min readLast updated: January 24, 2026
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Russia and China discuss Chinese involvement in Russian LNG projects, including Ust-Luga. Agreements expected to be signed during Xi's visit to Moscow.
Russia and China Discuss LNG Project Collaborations in Moscow
(Reuters) -Chinese companies' involvement in Russian liquefied natural gas projects is being discussed by Russian and Chinese delegations at talks in Moscow, the Interfax news agency cited Russian Energy Minister Sergei Tsivilev as saying on Thursday.
When asked about the possibility of Russian companies entering LNG projects in Ust-Luga or other locations in Russia, Tsivilev said that the topic was "being discussed at the moment," but did not provide further details.
The state-owned China National Petroleum Corp (CNPC) and Silk Road Fund hold stakes in Russia's Yamal LNG project, while CNPC and China National Offshore Oil Corporation (CNOOC) are involved in the Arctic LNG 2 project.
Russia has repeatedly welcomed the prospect of Chinese companies participating in the construction of an LNG plant and a gas chemical complex in Ust-Luga.
Russia and China will sign a large number of documents later on Thursday, including an updated investment agreement, Russian President Vladimir Putin told Chinese President Xi Jinping at a meeting in Moscow.
Xi is in the Russian capital this week for commemorations to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.
(Reporting by Maxim Rodionov; Editing by Alexander Marrow and David Evans)
Key Takeaways
- •Chinese companies may join Russian LNG projects.
- •Discussions held in Moscow between Russian and Chinese delegations.
- •China's CNPC and CNOOC are involved in current Russian LNG projects.
- •Russia welcomes Chinese investment in Ust-Luga LNG plant.
- •Putin and Xi to sign updated investment agreements.
Frequently Asked Questions about Russia, China discuss Beijing's participation in Russian LNG projects, minister says
1What is the main topic?
The main topic is the discussion between Russia and China regarding Chinese participation in Russian LNG projects.
2Which companies are involved?
Chinese companies CNPC and CNOOC are involved in Russian LNG projects like Yamal LNG and Arctic LNG 2.
3What agreements are expected?
Russia and China are expected to sign updated investment agreements during Xi Jinping's visit to Moscow.
