Gazprom will begin the pre-investment phase for the Power of Siberia 2 gas pipeline.
In a recent meeting with Russian President Vladimir Putin, Gazprom Management Committee Chair Alexey Miller requested a move to the next phase of the project, which would include the development of a feasibility study and the design and survey works for the pipeline.
According to the company’s records, Mr Putin agreed to the move and instructed Mr Miller to proceed with the development.
The Power of Siberia 2 is an expansion of the $55 billion pipeline project supplying natural gas from the Chayandinskoye field to domestic consumers in Russia’s far east and China.
This expansion would provide pipeline gas supplies to China from the western Siberian fields in the Kazakhstan region via an eastern route.
If completed, the Power of Siberia 2 would supply 38 billion m3 per year to China, building on the 61 billion m3 per year transported by the original project.
For more information visit the Gazprom website.
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