▲ Up
 
11:03 23-06-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Russia's Gazprom starts construction of mega-pipeline to China
10:31, 02 September 2014, 497

AKIPRESS.COM - gasprom President Vladimir Putin on Monday oversaw the start of construction on a giant pipeline that is due to ship $400 billion worth of Russian gas to China in the three decades after flows begin in 2019, Kremlin reports.

The 4,000 km "Power of Siberia" pipeline, being built by state-controlled Gazprom, forms a key part of the Kremlin's energy strategy, symbolising Russia's attempts to wean itself off dependence on European markets that account for most of its exports.

"Just now, we along with our Chinese friends are starting the biggest construction project in the world," Putin told a Chinese delegation, headed by Vice Premier Zhang Gaoli, and a group of Gazprom workers in Russia's far east.

He said the first gas pipeline between Russia and China: "Will not only allow us to export gas, but to develop gas infrastructure in our country, to speed up (economic) development, not only in this region, but in the whole country."

Putin also told Zhang that he welcomed the idea of Chinese investors joining the Vankor oil project in east Siberia, owned by Russia's Rosneft.

Flows through the "Power of Siberia" will start at 5 billion cubic metres of gas in 2019, ramping up to 38 bcm under a deal signed by the two countries in May.

The long-awaited deal with China National Petroleum Corp was a diplomatic coup for the Kremlin after a decade of difficult negotiations, and a symbol of its efforts to strengthen economic ties with Asia as Russia's economy faces the effects of Western sanctions over the crisis in Ukraine.

Gazprom chief Alexei Miller told Putin and Zhang that a further contract on shipment of gas via a second, more westerly route, could be signed in November: "If we work closely with CNPC." He did not give details, however.

On Putin's command "Begin!" two workers lowered their protective visors and welded the first segment of the black pipeline with flaring blowtorches. The Kremlin leader then signed his name on it.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
10:47 Russia in talks with Kyrgyzstan and Kazakhstan on sending troops to Syria10:29 Eurasian Media Forum opens in Astana10:25 'I recalled my father during wreath-laying ceremony at Tomb of the Unknown Soldier' - Atambayev10:09 Over 80% of Kyrgyzstanis including smaller number from Issyk-Kul region deliver biometrics — survey09:51 Kyrgyzstan, Bashkortostan vow to bolster tourism industry cooperation09:49 Kyrgyz and Bashkir nations have especially friendly and kinship relations - Head of the Republic of Bashkortostan09:41 Magnitude 3.5 earthquake jolts southern Kyrgyzstan09:28 Head of Bashkortostan speaks for broader economic cooperation with Kyrgyzstan09:25 'Good income is expected next year to budget which should be spent for health sector' – Atambayev18:03 Atambayev: Kyrgyzstan not ready for import substitution yet17:48 Male MPs were absent when Parliament was considering situation of women and girls17:37 NBKR reserves right to conduct procurements at its sole discretion17:24 Oct.5 declared as Disaster Risk Reduction Day in Kyrgyzstan17:00 South Africa court allows secret Zuma no-confidence vote16:48 Atambayev arrives in Bashkortostan16:32 Parliament approves $20 mln from Saudi Fund for Development for North-South Road rehabilitation16:30 MP suggests creating money printing factory under NBKR16:02 South Korea president calls on China's Xi to do more on North Korea nuclear program16:00 Issue of 1000 commemorative coins costs about 2 million euros – NBKR15:56 Kazakhstan, Uzbekistan expanding border crossing points
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75