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22

Gazprom Creates Pipeline Route to China

Russia's gas monopoly, Gazprom, has agreed with Daltransgaz

Gazprom has agreed with Far East gas transporting company Daltransgaz to acquire the 350km gas pipeline.

Gazprom needs it to lay an eastern route to China by bringing together three branches.

The gas for the future pipeline, running from Komsomolsk-on-Amur to Khabarovsk, will be secured by Sakhalin-3 project, where Rosneft holds the license for one of its blocks, but will hardly be able to export the gas in line with intention.

Today only one gas pipeline, from Sakhalin to Komsomolsk-on-Amur, is operating now.

Together, the above three pipelines will form the so-called eastern route to China. It will be filled by gas produced under the Sakhalin-3 project. The project has four blocks overall, Rosneft holds the license for Veininsky block (49 percent; CINOPEС ? 25 percent). The remaining three blocks will be auctioned in the near term.