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

Gazprom Fires Top Manager for 'Delay' Comments
5.10.2014 20:11
Gazprom Fires Top Manager for 'Delay' Comments
Photo Credit:

Gazprom has fired a top manager after he told journalists that 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, said that the previous deadline of 2018 was moved to 2020, but he did not disclose any details.

      Gazprom later dismissed the news saying the manager’s statement was misunderstood.

      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:

Russian Online Cinema IVI will Conduct an IPO on NASDAQ
The Number of People Employed in the SME Sector Decreased by Almost 600 Thousand People
Russian Designers will Sell Jewelry via Tmall
Sberbank Took the Sixth Place among the Largest World Companies in Creating Value for Shareholders
Chinese Company May Receive 100% of the Shares of the Russian Intourist Tour Operator

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
#S7selfie  Mikhail Pletnev  Nature Sanctuaries  Russian religion  Republic of Buryatia  Pushkov  Russian Bears  Stanislavski and Nemirovich-Danchenko Moscow Academic Music Theatre  Russian airlines  Russian tourism  Solovki  Deep Space Gateway  Festivals in Moscow  St. Petersburg  fundamental physics  coronavirus  Chelyabinsk meteorite  Yuri Norstein  Leningrad Zoo  Primorye  DNA  tours to Russia  Mercedes-Benz Fashion Week Russia  Edgard Zapashny  Russian opera singers  Russian National Parks  travel to Russia  EU sanctions  Olympics 2012  North Caucasus  Alexey Ivanov  Pussy Riot case  international cooperation  Russian business  Zenit FC  Russian Photographers  Ivan Grozny  Historical Exhibitions  Russian Cinema  Russian regions  New York Times  Russia Travel Tips  Uryupinsk  Yves Rocher  Dasha Gauser  Khazar fortress  Visa   Exhibitions in Moscow  St. Petersburg Museums  Moscow 

Travel Blogs
Top Traveling Sites