Russia’s biggest energy deal with China faces delays as economic pressures mount in both countries, raising risks for the plan to link Siberian gas fields with China’s industrial northeast.
On Dec. 29, Russia’s monopoly Gazprom said it had cancelled a tender for a major portion of its mammoth Power of Siberia pipeline project after regulators objected to anti-competitive terms.
Gazprom’s record tender for an 822-kilometer (510-mile) section of the pipeline was set to award 156 billion rubles (12.8 billion yuan) to “a single contractor for the entire set of works required for gas transportation” in order to “optimize costs,” Interfax reported.
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Source: Radio Free Asia
