Moscow: Russia’s energy giant Gazprom said it will start welding seams of its major pipeline for gas supplies to China in August. “We have a clear action plan. We have distributed all duties and we have set tough deadlines,” Gazprom said in a statement, citing company CEO Alexei Miller.
“Our goal is to weld Power of Siberia’s first joint as soon as August,” the Itar-Tass news agency quoted Miller as saying.
China and Russia signed the China and Russia Purchase and Sales Contract on East Route Gas Project and a memorandum on May 21, and the 30-year contract will see the east route pipeline providing China with 38 billion cubic metres of natural gas annually from 2018.
Also, vice president of Gazprom Alexander Medvedev said the company and CNPC have inked a $25bn advance payment agreement for gas supply. QNA
