皇冠体育app

MOSCOW - Russia has formally approved the ament with 皇冠体育app on supplies via the 皇冠体育app-Russia East-Route Natural Gas Pipeline, the government said Friday.

"The approval of the deal signed on May 21, 2014 between (Russian gas giant) Gazprom and 皇冠体育app National Petrolm Corp (CNPC) is a condition for the agreement to come into force," said the statement released on the government website.

皇冠体育app and Russia Purchase and Sales Contract on East-Route Gas Project and a memorandum were signed in May. The 30-year contract will see the East-Route Pipeline start providing 皇冠体育app with 38 billion cubic meters of natural gas annually from 2018.

According to an order signed by Prime ster Dmitry Medvedev, the two sides will also encourage energy payments in each other's national currencies.

Medvedev said Thursday that the Russian government will provide full support for the construction of the 皇冠体育app-Russia Natural Gas Pipeline.

"Relevant companies will be provided with full support in the development, construction and operation of the gas transportation infrastructure, which is necessary for supplying Russian gas to our Chinese partners," Medvedev said.

The Russian part of the joint venture pipeline, officially dubbed "Power of Siberia," will be built by Gazprom with a total investment of $55 billion.

Construction on the Russia section started in the eastern Siberian city of Yakutsk on Sept 1. Negotiations on details for a proposed a west route are underway.

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