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Deferred Strength

Will the construction period of the gas pipeline change?

Deferred Strength

Gazprom did not include measures on the Power of Siberia gas pipeline, which is part of the Eastern Gas Program, in the investment program for 2014.

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 timing of the project in the Gazprom management is explained by the difficulties in signing a contract for the supply of gas to China. Russia and China have been negotiating for several years, but still could not agree on the price. Back in 2009, Gazprom and the Chinese delegation signed a framework agreement on the basic terms for the supply of natural gas from Russia to China, assuming exports to the Chinese market to 68 billion cubic meters. M of gas annually. The only and actually the main unresolved moment is the price of Russian gas. The last time the parties made an attempt to agree in October. The result of the next round of talks was the statement of Deputy Prime Minister Arkady Dvorkovich and First Deputy Prime Minister of the State Council of China Zhang Gaoli on the readiness of the countries to sign the agreement for 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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