Russia’s Gazprom, China’s CNPC ink pipeline construction deal

*Gazprom CEO Alexei Miller and CNPC Chairman Zhou shake hands with Russian President Putin applauding.

*Gazprom CEO Alexei Miller and CNPC Chairman Zhou shake hands with Russian President Putin applauding.

04 September 2016, Hangzhou — Russian gas giant Gazprom said on Sunday it had signed a contract with China National Petroleum Corp (CNPC) to build a section of the Power of Siberia gas pipeline under the Amur river.

Gazprom CEO Alexei Miller and CNPC President Wang Yilin inked the deal at a meeting on the sidelines of the G20 summit in the eastern Chinese city of Hangzhou, Gazprom said in a statement.

CNPC’s pipe-building unit, China Petroleum Pipeline, will carry out the construction, Gazprom said.

*Vladimir Soldatkin; Jack Stubbs; Editing – Mark Potter – Reuters

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