Gazprom to spend $1 bln on Power of Siberia in 2017 – source

Gazprom will have allocated around $1 billion of additional financing in 2017 to build the Power of Siberia pipeline and equip the Chayanda oil and gas condensate field.
By Staff reporter 19 September 2017 0 27625

Gazprom will have allocated around $1 billion of additional financing in 2017 to build the Power of Siberia pipeline and equip the Chayanda oil and gas condensate field, a source familiar with company plans told Interfax.

Gazprom revised its budget and investment programme for 2017 last week. The construction of the 2,156-km pipeline from Chayanda, in eastern Siberia, to the border with China began near Blagoveshchensk in September 2014.

The company has already built 1,011 km of the pipeline, according to the latest data in a...

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