Contents tagged with Power of Siberia
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Russia begins work on new gas pipeline to China
Nord Stream-2 is not yet completed, but Russian gas giant Gazprom has already started designing a new gas pipeline, which will transport Russian gas to China via Mongolia. On Monday, the head of Russia's Gazprom, Alexei Miller, announced the start of work on the Power of Siberia-2 gas pipeline.
"On behalf of the Russian President, Gazprom has started design and preparatory work on the Power of Siberia-2 gas pipeline. It could become a new export channel with a capacity of up to 50 billion …
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With no one to sell to, Gazprom cuts natural gas purchases from Turkmenistan
The head of Russian natural gas giant Gazprom, Alexei Miller, recently reported to President Vladimir Putin that his company is able to harvest 617 billion cubic meters of gas annually, but last year it was able to sell only 444 billion, meaning the Public Joint Stock Company has a surplus of 173 billion cubic meters of natural gas.
While western sanctions against Russia do not specifically target hydrocarbons, the conflict in Ukraine has undoubtedly led many western countries to turn to …