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20:47 26-04-2018
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Austrian Voestalpine will build the first fully automated steelworks
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March offer of secondary housing in USA attained its minimum since 1999
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Subsidiary of Finnish YIT will build a hotel in St. Petersburg
23:33 20-04-2018
Minister reveals a new strategy for housing construction in Russia
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High-tech waste recycling plant to be built in the Moscow region
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Russia’s first 5-star Marriott Modern hotel opens in Voronezh
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20% stake in oldest plant producing aluminum goods is put up for auction
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Five plants for wood waste processing to be built by Chinese in Russia
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Truck traffic movement along the Crimean bridge to be launched in October
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Syrians ask Russian companies to build housing in Damascus and Aleppo
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Why Gazprom increases investments in Power of Siberia pipeline construction

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Why Gazprom increases investments in Power of Siberia pipeline construction

This year, Gazprom, a Russian oil giant, intends to increase investments in the construction of Power of Siberia pipeline and to build over 600 kilometers of its route.


This is what a member of Gazprom’s Board of Directors, Oleg Aksyutin, said at Investor’s Day in Singapore yesterday. According to him, as of the 1st of January, 2017, some 490 kilometers of new high-capacity pipeline have been build. This pipeline’s section will supply gas from Chayandinsky field in Yakutia and Kovyktinsky field in the Irkutsk region of Russia to China.

In 2017, investments in Power of Siberia pipeline have been increased up to 158,811 billion rubles from 76,162 billion rubbles. The contract concluded with Chinese CNPC envisages that over the course of 30 years, 38 billion cubic meters of gas will be delivered annually through the Eastern route. The contract is estimated at $400 billion.

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