Russia and China Sign Major Deal for New Gas Pipeline
Petroleum Geochemistry I Ariana Energy Researchers
(Bloomberg)-Russia’s Gazprom PJSC signed a legally binding agreement to build the Power of Siberia 2 gas pipeline to China via Mongolia and agreed to expand deliveries via two other routes.
The gas producer is set to ship as much as 50 billion cubic meters a year via the Power of Siberia 2 for 30 years, Russian news wires reported, citing Chief Executive Officer Alexey Miller in Beijing. The price for the fuel will be lower than what Gazprom currently charges customers in Europe, Miller said according to the reports.