Gazprom Scraps Key Tender for Pipeline to China

World | December 30, 2015, Wednesday // 09:50
Bulgaria: Gazprom Scraps Key Tender for Pipeline to China A file photo of Russian President Vladimir Putin (L) and Chinese President Xi Jinping, whose meeting ending in the signing of an agreement on the Power of Siberia pipeline. Photo by BGNES

Gazprom has announced it will scrap a major tender for the construction of the Power of Siberia pipeline, which is to supply China with 38 bcm of gas over a period of thirty years.

The USD 2.1 B tender was a historic high for the Russian energy giant.

This has been the third tender cancelled by Gazprom since mid-December, amid a scandal that culminated last week after reports emerged a company owned by Arkady Rotenberg, a businessman who many accuse of ties to Russia's political leadership, had won part of the public procurement on Power of Siberia without a formal tender procedure.

Last year China and Russia signed the USD 400 B deal, giving the 4000 km pipeline a new lease of life after the project to supply the far east with gas had been stalled for more than a decade.

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Tags: Gazprom, Arkady Rotenberg, Power of Siberia, Russia, China
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