Russia Launches Construction of World's Biggest Gas Pipeline to China

Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years, the #BBC says.

Extract:

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk.

China's CNPC has agreed to buy $400bn (£240bn) of gas from Russia's Gazprom.

Russia will ship 38 billion cubic metres (bcm) of gas annually over a period of 30 years.

The deal will lessen Russia's dependence on European buyers, who have imposed economic sanctions because of the crisis in Ukraine.

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