President Putin at tue ceremony marking the joining of the first link in the
Power of Siberia main gas pipeline on September 1, 2014. Related News
Power of Siberia Pipeline to
Develop Russia’s Gas Infrastructure – Putin- Power Of Siberia
Pipeline to Allow Gas Exports Based on Market Conditions - Putin
- China
to Begin Building
Power of Siberia Gas Pipeline in First
Half of 2015
- Risks Behind Russia’s Gas
Supplies to China
via Western Route
Pipeline manufacturing in Russia has increased by eight per cent in yearly comparison, details the report published by the group on Friday.
If Russia continues to increase its state defense order and the Power of Siberia is able to attract considerable investments, the GDP dynamics in 2014 will be different from that of a zero, explained VTB Capital Chief Economist for Russia Vladimir Kolychev.
On Monday, Russia’s Gazprom began construction of the first part of the pipeline which will traverse five Russian constituent entities spanning nearly 4,000 km ts and have an annual capacity of 38 billion cubic meters of gas.
The gas pipeline is set to become a common transit center for gas production centers in the Sakha (Yakutia) and Irkutsk regions transporting gas from the regions to Vladivostok via Khabarovsk.
The cost of construction is estimated at more than $20 billion (770 billion rubles), which includes other investment in the Sakha Republic (Yakutia) region of $7.5 billion (283 billion rubles).
The pipeline will run along the already operational Eastern Siberia-Pacific Ocean oil pipeline, which should help streamline infrastructure and power supply costs. The first section of the Power of Siberia GTS is expected to go into operation in late 2017.
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