Russia - 06

Russia: Power of Siberia: Deceleration Ahead of a Delay

On 19 May Gazprom Deputy CEO Vitaliy Markelov reported that the monopoly will decelerate construction on the Power of Siberia pipeline: instead of 800km, only 400km will be laid this year. So far, Gazprom has confirmed that 115km of the 4,500-km pipeline have been completed. In the meantime, Minister of Energy Alexander Novak recently stated that the contract for the western route to supply gas to China, which Gazprom refers to as Power of Siberia-2, has not been agreed upon, and hinted that he sees no agreement on the project in the near future.

To continue reading, please submit your contact details along with a short message below indicating what you'd like to learn more about and we'll get back to you.