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

Gazprom Dismissed China Pipeline Delay Rumours
5.10.2014 10:08
Gazprom Dismissed China Pipeline Delay Rumours
Photo Credit:

Gazprom has dismissed an earlier report that the deadlines for the Power of Siberia pipeline, an ambitious pipeline project that is supposed to bring Russia's natural gas to China, have been delayed

      Earlier, Viktor Selin, deputy head of the Chayanda Office of Gazprom Dobycha Noyabrsk, Gazprom’s subsidiary, told journalists that the previous deadline of 2018 was moved 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: Gazprom     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Vekselberg  Dzerzhinsk  Russian judges  Russian theatre  Aleksandr Nevsky  Russian scientists  Black Sea  Russian Cinema  Sokolniki  Russian art  Volgograd  Baikal  Raisa Shabanova  Elbrus  Russian culture  Baskunchak  Russian oil and gas industry   Linguists  Moscow  invalids in Russia  Russian travel destinations  Penza  Sculpture  Books  Russian business  Archaeology  Mercedes-Benz Fashion Week Russia  Rybinsk City Day  Gagarin Cup  Finance Ministry  St. Petersburg  Fish Broth  AIDS  Russian tourism  Patriotic Musical Holding  barbecue  Russian tennis players  Exhibitions in Moscow  Boris Grebenshchikov  Russian science  City Hunter  Kaliningrad  Incidents  Football  Russian circus  Barnaul  Natalia Ischenko  Russian economy  Russian society  Catholicism 

Travel Blogs
Top Traveling Sites