Gazprom executive estimates Sila Sibiri cost at 1.1 tln rbl

MOSCOW, Apr 27 (PRIME) -- The price estimate of the Sila Sibiri gas pipeline stands 1.1 trillion rubles, Andrei Vorobyov, director of Gazprom’s construction department, said at a conference call on Friday.

“The Sila Sibiri trunk pipeline is estimated at 1.1 trillion rubles (with VAT) over the entire construction period,” Vorobyov said.

He also said that development of the Chayanda field is estimated at 450 billion rubles and the cost of the Amur gas refinery is 950 billion rubles.

In 2014, Gazprom and China's CNPC signed a contract which envisages that gas supplies via the eastern route, or the Sila Sibiri pipeline, would begin in 2019. Gazprom plans to provide China with 38 billion cubic meters (bcm) gas per year over 30 years. The company will start supplies via the pipeline with 5 bcm of gas, and the pipeline will reach its full capacity in several years.

In May 2015, Gazprom and CNPC signed an agreement on main conditions of gas supplies via the western route, or the Sila Sibiri-2 pipeline. The capacity of the project’s first stage will stand at 30 bcm annually.

(62.6027 rubles – U.S. $1)

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