Power of Siberia

Agreement 'reached' on Power of Siberia 2 gas pipeline to China: Putin

Russia and China have reached an agreement on the Power of Siberia 2 gas pipeline, which will connect Siberia to northwest China, President Vladimir Putin said Tuesday after talks with Chinese leader Xi Jinping.

"All agreements have been reached," Putin said, adding that economic cooperation between Moscow and Beijing was a "priority" for Russia.

Gazprom to start new gas deliveries to China by end-2019

Russia will start supplying gas to China through a new pipeline by the end of 2019, state gas giant Gazprom said on July 4, as part of a mammoth $400-billion deal.

"Today a deal was signed...about the date of the start of gas deliveries through the 'Power of Siberia' pipeline. It is December 20, 2019," Gazprom boss Alexei Miller told journalists.

Gazprom to invest around $703 million in Turkish Stream pipeline this year

Gazprom's investments in gas midstream will grow by 6.8 percent year-on-year to 911.2 billion rubles ($15.3 billion), including the Turkish Stream project, the Russian gas holding said on Jan. 19, as reported by TASS. 

Investments in the Turkish Stream project will total 42 billion rubles ($702.7 million) in 2017, according to the report. 

European countries should build onshore parts for Turkish Stream, says Russian Energy Minister

Russian Energy Minister Alexander Novak said now European countries should be building onshore links for the Turkish Stream on their own at an exclusive interview with Reuters.

"Now counties should be building (onshore links) on their own. The routes could be different - they may come to Italy if they want. This is not our business anymore," he said.