Russia's Putin Orders Gazprom to Start Gas Pipeline Construction to China

Reuters

US KHATYN, Russia, Sept 1 (Reuters) – President Vladimir Putin, presiding over a ceremony in Russia's Far East, ordered on Monday the start of construction for Gazprom's 'Power of Siberia' pipeline, which is planned to bring the first Russian gas to China in 2019.

In May, Gazprom and China CNPC signed a $400 billion deal to ship 38 billion cubic metres (bcm) of gas to China annually over 30 years.

Gazprom said on Saturday it plans to launch its Chayanda gas field at the end of 2018, aiming to ship the first gas to China in 2019. Chayanda is key to supplying China and will produce up to 25 bcm a year at its peak.

(Reporting by Vladimir Soldatkin; writing by Katya Golubkova, editing by Jason Bush)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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