Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia-China Pipeline Project Suffers Delay - Senior Manager
4.10.2014 20:05
Russia-China Pipeline Project Suffers Delay - Senior Manager
Photo Credit:

The Power of Siberia pipeline, an ambitious pipeline project that is supposed to bring Russia's natural gas to China, will become fully operational only in 2020, a senior manager told journalists.

      According to Viktor Selin, deputy head of the Chayanda Office of Gazprom Dobycha Noyabrsk, Gazprom’s subsidiary, the previous deadline of 2018 was shifted to 2020, but he did not disclose any details.

      In May, Gazprom signed an historic deal with China on natural gas supplies that will help the country to diversify its exports. According to a source at Gazprom quoted by the Izvestia daily, the price is be set at $350-380 per thousand cubic meters of gas.

      Gazprom is now building a pipeline to fulfill its 30-year contract for the supplies of 38 billion cubic meters of gas that could bring Russia some $400 billion.

      The price is on par with what European customers currently pay, which could mean that amid the EU’s calls for diversification of its imports the eastward shift for Russian supplies will be quite easy to accomplish.

      Many analysts have questioned the project’s profitability for Moscow for at least the first several years of operations.

      According to the Guardian, “the Chayanda and Kovykta gas fields are in the depths of eastern Siberia. The ‘strength of Siberia’ pipeline that will bring the gas to China through Vladivostok will run 4,000km (2,500 miles) through swampy, mountainous and seismically active areas.”


Author: Mikhail Vesely

Tags: Power of Siberia Gazprom    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Russian scientists  Presidential Regiment  St. Petersburg  Russian Film Directors  Russian Arts and Crafts  Amur Region  ecology  satellite  Russian language  Russian churches  Russian opera singers  Semyon Varlamov  Izborsk  Russian Cinema  Mikhailovsky Castle  Snowvision Film Festival  Moscow Temples  Russian Poets  Russian tourism  Nizhny Novgorod Region  military historical festival   Baltic Sea  activity holidays  Bright People   Baskunchak  Moscow  travel to Russia  Russian billionaires  Vyshny Volochyok  Mercedes-Benz Fashion Week Russia  Silver Ice  invest  Russian events  Russian football  Sochi Games   Futuristic  human rights  Vnukovo airport  Sergei Ovchinnikov  Baikal  Russian economy  KSENIASERAYA  Russian poet  Exhibitions in Moscow  Kolomenskoye Museum Reserve  Kamchatka  Russian business  Treatment   Russian football team  Russian science 

Travel Blogs
Top Traveling Sites