Russia, China Charge Ahead With $400 Billion Mega Gas Project (Source thetrumpet.com)

More than 75 percent of the vast Power of Siberia natural gas pipeline from Russia to China has been finished, according to a March 21 statement from Russian energy firm Gazprom.

Construction of the pipeline is nearing completion, with more than 1,012 miles of the link now built, the state-owned gas giant reported. The link stretches from the Chayandinskoye field in Siberia to Blagoveshchensk, near China’s border. At the border, an extension will bring the pipeline into China.

When completed, the project will “allow Gazprom to provide gas supplies to domestic consumers in Russia’s Far East and start delivering pipeline gas to the extensive and fast-growing Chinese market.” A deal signed in 2014 between Gazprom and China National Petroleum Corp. stipulates that Russia will deliver 1.3 trillion cubic feet of gas to China per year through the pipeline for 30 years.