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:

The New Russian Law Abolishes the State Duty for the Restoration of Documents Lost as a Result of Emergencies
The Index of Business Activity of Russian SMEs Dropped Down
The Russian Sistema_VC Fund Invested in the DataSine Project that is Engaged in Personalizing Content for Customers
The Bank of Russia has Conducted a Survey of Microlenders
Russian Shrinkflation

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian musicians  Open-Air Concerts  incident  Golden Fang  ExxonMobil  Solovki  Vladislav Surkov  Russian cars  EU sanctions  Vologda  Russian business  Gennady Zyuganov  Russian Cinema  Russia-Peru  Peace Makers  Russian transport  New Museums  Musicals in Moscow  migrant workers  Rhinoceroses  Treasures  Russian cuisine  State Duma  Moscow  St. Petersburg  inventions  Mercedes-Benz Fashion Week Russia  Leo Tolstoy  Alexander Chizhevsky  Iran  Exhibitions in Moscow  Russian Character  Pushkin Museum of Fine Arts  Grisha Bruskin  Orthodox Church  Banksy  Russian Literature  Classical Music  Wooden Architecture  Russian meteorite  Alain Delon  Samara  Russian shops  Pyotr Konchalovsky  Year of Cinema  WOMAD  Russian tourism  Festivals in Moscow  Russian history  Novozavidovsky 

Travel Blogs
Top Traveling Sites