Russia - 04

Russia: Power of Siberia: Gazprom Accepts Supply Deadline and Major Losses

In early June, Gazprom and CNPC signed an agreement specifying the start of gas deliveries through the Power of Siberia (PoS) pipeline. Gazprom has committed to launch the pipeline by 20 December 2019, about one year ahead of the deadline stipulated in the 2014 gas supply agreement between the two companies. The commitment was inked during Chinese President Xi Jinping’s visit to Moscow, which featured several other deals. Lavishing Xi with praise for his contribution to building Russia-China relations, Putin awarded him with Russia’s highest state honor.

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