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Russia may speed up alternative gas route to China : Putin

May 26, 2014 00:00:00


Russia\'s President Vladimir Putin delivers a speech at the St Petersburg International Economic Forum 2014 (SPIEF 2014) in St Petersburg May 24. — Reuters Photo

ST PETERSBURG, May 25 (Reuters): Russia's President Vladimir Putin said on Saturday a route to supply gas to China via western Siberia may be implemented faster than the eastern route, through which Moscow has agreed to ship the fuel to its Asian neighbor.

Moscow and Beijing clinched a $400 billion gas deal this week after years of talks, which will help Russia to diversify gas supplies away from Europe, its main export market.

"The second project, if Chinese partners are positive towards it, may be implemented even faster than the eastern one," Putin said on Saturday.

State-run Gazprom  has yet to build a pipeline to carry 38 billion cubic meters of gas annually to China from 2018 through East Siberia. Russia and China have agreed a $25 billion prepayment under a supply deal, Alexander Medvedev, the head of Gazprom's exporting arm, said on Friday.


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