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:

Venture Fund for Food Tech Startups
Russian Crowdfunding Market Grew by 34% during 2018
Russian Retailers are Getting More Concerned about Environmental Issues
Russians Prefer Fast-food Restaurants
Russian Online Retail Market is Growing

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Alexey Navalny  travel to Russia  Russian social networks  Russian toy shops  Pushkin Museum of Fine Arts  Russian Cinema  Moscow  Belorussky Railway Station  Exhibitions in Moscow  activity holidays  holiday  Business in Russia  The Hermitage  Peace March  Kuban Stadium   St. Petersburg  Dictionaries of the 21st Century  Sokolniki Park  Historical Exhibitions  communism  Novospasskoye  Elbrus  export  Arkhangelsk region  Love for the Space  Russian regions  Sergei Magnitsky  Stroke Treatment  Russian art  Russian tourism  Samara Region  Russian academy of sciences  Tver region  Art Auction  Russian language  Lipetsk   Newborn  Mrs. Russia  Opera in Chersonese  New Films  Gold Mask in Estonia  Russian business  Russian parliament  Mariinsky theatre  Russia's gas reserves  Mercedes-Benz Fashion Week Russia  Russian events  Cats' Cafe  Festivals in Moscow  Russian ballet dancers 

Travel Blogs
Top Traveling Sites