Russia talks about Moscow Beijing high speed rail details and willingness to sell China 50% stakes in oil and gas fields

Further details of the proposed high-speed railway to link Moscow and Beijing through Siberia in just 33 hours have been unveiled. The project will see a new 400km per hr line running between the capital cities in a venture that would eclipse the iconic Trans-Siberian Railway.

During the Krasnoyarsk Economic Forum last week, it was revealed that two potential options for the routing of the track are being considered.

Alexander Misharin, the First Vice-President of Russian Railways, said talks were taking place about going through either Kazakhstan or across the Altai region.

The new 7,700-kilometre route will cost 1.5 trillion yuan (USD240 billion) and become a link in the Eurasian land bridge also known as the New Silk Road Economic Belt.

This belt will connect China with Central Asia, Europe and the Middle East as well as India and Southeast Asia. There are also plans for the construction of a rail tunnel linking Japan and Korea to the system.

In China, 2,270 kilometres of rail track are expected to be completed this year and Russia has already made substantial progress in upgrading the Trans-Siberian railway, which would connect with the Chinese lines.

The Moscow-Beijing express would travel on existing 1520-gauge rails. While this is wider than the 1435 gauge adopted by China and Europe, they can be modified to allow the high-speed trains to run on them. Passengers having to change trains at the border with China. The high-speed railroad is expected to be completed within five years.

Russia saying they will china buy 50% of oil and gas fields

Russia has reversed its long-held opposition to selling foreign investors majority stakes in its strategic oil and gas fields, saying there would now be “no political obstacles” to allowing Chinese stockholders to hold more than 50 percent of the properties.

Dvorkovich’s comments evidently were encouraging to China’s oil sector. Until now, because of restrictions by the Kremlin, two leading Chinese energy companies, the Chinese National Petroleum Corp. (CNPC) and the Sinopec Group, have been forced to limit their investments to small projects involving developing energy fields.

“Putin is currently in a tough situation,” a leading official in China’s oil industry told Reuters on condition of anonymity. “We all know this. One of the ways to help him get out of the mess is trying to improve ties with China. “The official is knowledgeable about CNPC’s strategy and the energy cooperation between the two countries.

Moscow – Kazan high speed rail segment

logo

Don’t miss the latest future news

Subscribe and get a FREE Ebook