"Gazprom is considering the possibility of constructing two gas pipelines, one eastern, one western, to China and is holding negotiations with Chinese companies," Medvedev announced. He said that no project so far has been given priority, as Russian and Chinese specialists continue analyzing both. The eastern project proposes an offtake from the Sakhalin-Vladivostok pipeline, while the western variant suggests the offtake should be from the Krasnoyarsk-Novosibirsk-Novokuznetsk pipeline which passes through Gornoaltaisk. Medvedev stressed that it would be premature to name specific dates for the implementation of the projects. "Firstly, we need to agree on the purchases of the gas itself and sign contracts, and then we can discuss particular aspects of transportation and supply," he said. The capacity of the two pipelines will be enough to deliver 40-50 billion cum of gas to China from Eastern Siberia, Yakutia, and Sakhalin. It is reported that Gazprom will invest in the construction of the pipelines on the Russian side, while China will invest in the construction on its territory. Medvedev also added that the price for gas supplies to China has not yet been agreed, due to its instability on the international market. He said that Gazpromexport is prepared to negotiate gas exports with other countries. "We can satisfy demand in the Asia-Pacific region, no matter how high it is," he said, adding that Gazprom can supply up to 65-75 billion cum of gas to the region. Gazprom is giving priority to co-operation with China, but it also has a view to other markets in the region, particularly South Korea, he said. "Nevertheless, it would be logical to start building a gas pipeline running to China, which could later be extended to Korea," he concluded.