Putin instructed to proceed with the project

Russian President Vladimir Putin instructed the Chairman of the Board of “Gazprom” Alexei Miller to proceed with the project “Power of Siberia-2” in the direction of China.

the New pipeline will enable China to become the largest consumer of Russian gas, pushing into second place Germany.

the Head of “Gazprom” told the President about large gas reserves and the possibility of supply growth in 2 times for the Russian market. Guaranteed supply of gas of the Russian economy allows to send a new volume to export.

Now exports declined slightly, but recovered after the end of the pandemic in the country.

the New gas pipeline “Power of Siberia-2” will allow to supply gas transit via Mongolia for the Western Chinese market in the amount of 50 billion cubic meters of gas per year.

the Head of state approved the transfer of the project to the pre-investment phase – the feasibility study and commencement of design and survey works. Russia from December 2019 to supply gas to China through the pipeline “Power of Siberia” with a capacity of 38 billion cubic meters of gas per year.