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Deferred Strength

Will the construction period of the gas pipeline change?

Deferred Strength

Gazprom did not include in its 2014 investment program activities related to the Power of Siberia gas pipeline, which is part of the Eastern Gas Program.

Recall, “The Power of Siberia” should link the Chayanda gas field in Yakutia with consumers in the Amur Region, the Khabarovsk Territory and the Primorsky Territory, and also open up new export opportunities in the east of the country.

The postponement of the project implementation in the management of "Gazprom" explains the difficulties in signing a contract for the supply of gas to China. Russia and China have been holding relevant negotiations for several years, but have not yet been able to agree on the price. Back in 2009, Gazprom and the Chinese delegation signed a framework agreement on the basic conditions for the supply of natural gas from Russia to China, providing for export to the Chinese market up to 68 billion cubic meters. meters of gas annually. The only and, in fact, the main unresolved point is the price of Russian gas. The last time the parties attempted to reach an agreement was in October. The result of the next round of negotiations was the statement by Deputy Prime Minister Arkady Dvorkovich and First Deputy Prime Minister of the State Council of China Zhang Gaoli about the readiness of the countries to sign an agreement in the near future.

However, the head of Gazprom, Alexey Miller, was very optimistic, noting that the agreement could still be signed before January 31, 2014, the Chinese New Year. At the same time, he stressed that the decision on the construction of the gas pipeline will be signed only after the signing of the contract.
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