TASS: Russian Government to Consider Admitting Private Gas Firms to China-Bound Pipeline

The Russian government will consider the Energy Ministry’s proposals in late December or early January on admitting independent gas producers to the China-bound Siberian gas pipeline, Energy Minister Alexander Novak said.

“The government’s meeting on the issue was held two weeks ago. We expect the government to return to considering our proposals on admitting independent gas producers in a month,” Novak said.

“Most likely, this will happen in late December or early January. A possibility is also being discussed for independent producers to invest in the construction of the Power of Siberia gas pipeline’s additional capacities,” he said.

The Power of Siberia gas pipeline estimated at over $21 billion is intended to pump 61 billion cubic meters of natural gas annually to the Russian Far East and China and will stretch over a distance of 3,968 km (2,465 miles). MORE