▲ Up
 
09:37 06-05-2016
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanMongoliaWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Russia's Gazprom starts construction of mega-pipeline to China

Bishkek (AKIpress) - 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.


Twitterfacebookprint
10:31 02.09.2014
LATEST NEWS
09:34 OSCE trains women entrepreneurs in Kazakhstan on enhancing their use of green technologies09:24 Kyrgyzstan, Tajikistan planning to cooperate in science and technology fields09:20 TALCO mulls increase of aluminum production almost twice this year09:10 Afghanistan invited to take part in 2nd World Nomad Games09:10 Nazarbayev suspends Land Code changes after protests18:16 India's Reliance Power bags $1.3 bn project in Bangladesh16:39 Centerra Gold Inc. not confident discussions with Kyrgyz government to result in mutually acceptable solution for Kumtor project16:26 Centerra's proxy advisory firms recommend shareholders vote for all nominees for Director to Board16:23 President of Afghanistan to visit Dushanbe16:15 Kumtor Gold Company explains leave of its top managers with planned vacations16:11 Centerra Gold Inc. confirms temporary suspension of trading in its securities16:01 Ambassador of Tajikistan presents credentials to President of Armenia15:54 Tajikistan, Turkey review cooperation in trade, law enforcement15:49 Tajikistan, China discuss bilateral ties15:42 Almaty court imprisons man for unsanctioned rally in protest against land code15:26 Kazakhstan seeks close political ties with Poland – President15:15 Kazakhstan achieves 3-fold reduction of infant mortality rate since 199114:59 Government orders establishment of lab to analyze quality of Kara-Keche coal delivered to Bishkek CHPP14:53 Partnership in international child adoption with Kyrgyzstan among priorities for U.S. - Ambassador14:47 Kyrgyz government to pay over $200 to WWII, prisoners of concentration camps each
Astana
+19° C
Ashgabat
+29° C
Bishkek
+20° C
Dushanbe
+26° C
Tashkent
+32° C
Ulaanbaatar
+8° C
exchange rates
 
78.21
68.26
10.55
1.06
381.79
332.51
51.15
5.01
6.85
6.26
1.01
0.12
3286.53
2888.39
446.81
42.81
4.02
3.50
0.54
0.05

© AKIpress News Agency - 2001-2016. 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 www.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