16 Sep 2020 14:43

Gazprom to present feasibility study results for pipeline to China via Mongolia in Q1 2021

MOSCOW. Sept 16 (Interfax) - The results of the project feasibility study of the Power of Siberia 2 pipeline from Russia to China via Mongolia can be discussed as early as the start of 2021, Gazprom chairman Alexei Miller said during a meeting with Russian President Vladimir Putin.

Putin instructed that front-end engineering and design (FEED) work begin on Power of Siberia 2, Miller recalled: "We have begun FEED and have of course begun work on the Mongolian section."

"During a video conference with the Mongolian prime minister [Ukhnaagiin Khurelsukh] a memorandum of intent was signed to create a special purpose company which is to conduct a project feasibility study and select a route for the pipeline. In Q1 2021 we should already be able to discuss the results of this work," Miller said.

"Without a doubt, the implementation of Power of Siberia 2 will, first and foremost, allow us to connect gas transport capacities in the west with those of the east. Vladimir Vladimirovich, you have always set us the goal of uniting these into a single gas transport system. These are also new opportunities for gasification of Western Siberia and the Trans-Baikal Territory; this is a new export corridor with capacity of up to 50 bcm and the possibility of delivering gas from Yamal not only to the European but also to the Asian market," Miller said.