Business Russia Launches Construction of World's Biggest Gas Pipeline to China

L

LequteMan

Guest
Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years, the #BBC says.

Extract:

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk.

China's CNPC has agreed to buy $400bn (£240bn) of gas from Russia's Gazprom.

Russia will ship 38 billion cubic metres (bcm) of gas annually over a period of 30 years.

The deal will lessen Russia's dependence on European buyers, who have imposed economic sanctions because of the crisis in Ukraine.

click here to read more

#Russia #China
 

Attachments

  • russia-china-gas-siberian-power01.si.jpg
    russia-china-gas-siberian-power01.si.jpg
    167.1 KB · Views: 4
Back
Top