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Sergei Ivanov - "The Power of Siberia" is estimated at $ 60-70 billion.
According to the head of the presidential administration, Sergei Ivanov, the Power of Siberia gas pipeline construction project will cost $ 60-70 billion. He stated this during a meeting with Chinese students, Gazate.ru reports. The amount includes both the construction of a gas pipeline to China and the infrastructure development of the Eastern Siberia field.
The Power of Siberia Nazotransportation System will supply gas from the Irkutsk and Yakutsk gas production centers to China. The gas pipeline's capacity will be 61 billion cubic meters, 38 of which are to go to the PRC.
The first joint of the pipe will be welded already in August, and the commissioning of the first stage of the project is scheduled for the end of 2017.
The project will be partially financed from the funds received from China under the gas supply contract - the advance payment of the 25 billion contract will amount to $ XNUMX billion. According to experts, the Power of Siberia will be partially financed through tax incentives.