A Russia-China gas pipeline will begin construction in 2024 while the EU signs a supply deal with Azerbaijan, reports say

According to the Financial Times, a gas line between Russia and China will be built within the next two years.

Despite Russia's invasion of Ukraine, Oyun-Erdene Luvsannamsrai said that construction should begin in 2024.

The pipe is expected to start service in the year 2030. Taxes and transit fees will help an economy that was hit hard by the coronaviruses.

Russia's gas exports to China have increased since the beginning of the year, but they are important to Moscow as Europe moves away from its dependence on gas.

The Power of Siberia was a major source of gas to Europe, but now it will go to China.

The European Union signed a new gas deal with Azerbaijan on Monday that will double the amount of natural gas the EU imports by the year 2027.

Ursula von der Leyen, president of the European Commission, said that the new Memorandum of Understanding would open a new chapter in the energy cooperation between the two countries.