August 2015, Vol. 242, No. 8
Features
World News: China and Russia Begin Work On Power of Serbia Pipeline
Russia’s Gazprom and China National Petroleum Corporation (CNPC) have confirmed that construction is underway on the 4,000-km Power of Serbia Pipeline that will deliver up to 38 Bcma of gas to China. The first joint of pipe for the Chinese sector of the project was recently welded near the city of Heibe in the northern Heilongjiang Province bordering Russia, according to CNPC. Russia started building its section of the 2,500-mile eastern route last year. The pipeline is due to become fully operational in late 2017. Costs for the gas production and transmission facilities in Russia are estimated at $55 billion. Gazprom head Aleksey Miller said work will begin soon on a second Power
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