Russian firm Gazprom has revealed plans to complete construction of more than 1,100km of the Power of Siberia gas pipeline by the end of the year.

The plans were revealed at the company’s press conference, which focused on Russian gas supplies to China via the eastern route.

The company noted that the construction project for the trunkline is ahead of schedule. By the start of the current year, 445km of the pipeline’s linear part was built, while as of this month, around 774km was ready.

The completion of planned construction of more than 1,100km of the pipeline will translate into about half of its priority section stretching from the Chayandinskoye field in Yakutia to the Russian-Chinese border.

According to the company, the Power of Siberia gas pipeline will transport gas from the Irkutsk and Yakutia gas production centres to consumers in Russia’s Far East and China.

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Spanning a length of 3,000km and measuring 1,420mm in diameter, the pipeline has an export capacity of 38 billion cubic metres per year.

In May 2014, Gazprom signed a 30-year sales and purchase agreement with China National Petroleum (CNPC) to supply gas through the pipeline.

"According to the company, the Power of Siberia gas pipeline will transport gas from the Irkutsk and Yakutia gas production centres to consumers in Russia’s Far East and China."

Under the agreement, Gazprom will deliver 38 billion cubic metres of Russian gas to China per annum.

Pursuant to the contract, gas supplies to China through the eastern route will start in the period from May 2019 through May 2021.

In May this year, the parties began to negotiate the exact starting dates for the gas deliveries.

The parties are currently engaged in discussions over gas to be supplied to China through the western route and from Russia’s Far East.

Image: Press Conference: Gas export and enhancing the reliability of gas supply to Europe. Photo: courtesy of Gazprom.