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Gazprom offers tender for Power of Siberia pipeline

 

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Russiaº£½Ç³Ô¹ÏÍø™s Gazprom has offered a tender to construct an 822 km section of the 3246 km Power of Siberia gas pipeline connecting Russia and China.

Gazpromº£½Ç³Ô¹ÏÍø™s overall investment in the pipeline is expected to reach about US$12 billion.

The Power of Siberia is a gas transportation system designed to deliver gas from the Yakutsk and Irkutsk gas production centers in Siberia to Russiaº£½Ç³Ô¹ÏÍø™s Far East and China.

It will deliver 38 billion m3/yr of Russian gas to China.

Russia plans to build another pipeline to China - Power of Siberia-2 along a western route. The Power of Siberia-2 deal with China is expected to be signed next year. The pipeline will increase Russian gas exports to China by another 30 billion m3/yr.

Construction will involve subcontractors from small and medium-sized businesses, according to reports.

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