Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will launch new 3,000 km the “Power of Siberia” pipeline via a TV link-up on Monday, December 2, 2019.
Picture: The Power of Siberia – Gazprom
The new pipeline will transport gas from fields in East Siberia to the domestic market and for export to China. The pipeline was expected to be launched on December 20, but the work was completed faster.
“We expect the TV link-up to take place, and the Power of Siberia will start operating. Gas will flow to China. The implementation of such cross-regional projects inside the country definitely promotes the development of many regions: regions receiving such a facility on their territory will subsequently receive additional infrastructure, additional jobs,” Kremlin Spokesman Dmitry Peskov said.
The Power of Siberia gas pipeline will transport gas from fields in the Irkutsk and Sakha (Yakutia) regions to consumers in Russia’s Far East and China. In May 2014, Russia’s Gazprom and China National Petroleum Corporation (CNPC) signed a sales and purchase agreement for gas to be supplied via the ‘eastern route’ (Power of Siberia gas pipeline).
The total price of the contract on annual supplies of 38 billion cubic meters of gas to China amounted to $400 bln. The gas pipeline’s total length is about 3,000 km.