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Gazprom: All pieces in place for Chinese pipeline

Documents were finalized for the 2,500-mile natural gas pipeline.

By Daniel J. Graeber

MOSCOW, Oct. 14 (UPI) -- All of the documents needed to proceed with the Power of Siberia natural gas pipeline to China are in place, the head of Russian gas company Gazprom said.

Gazprom Chairman Alexei Miller met in Moscow with Wong Dongjin, the vice president of China National Petroleum Corp., to sign the final agreements on the 2,500 gas pipeline.

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"All the necessary documents on gas supplies to China have been signed, including the intergovernmental agreement," Miller said in a statement. "The construction of Power of Siberia is in full swing."

The pipeline is part of Gazprom's effort to pivot away from a stagnant European market toward emerging Asia. In May, Gazprom and CNPC signed a 30-year sales agreement that calls for 1.3 trillion cubic feet of natural gas per year through the eastern pipeline route.

The deal was signed Monday in Moscow in the presence of Russian Prime Minister Dmitry Medvedev.

The Kremlin said the gas pipeline to China will tie the Russian energy sector to both poles of the economic world. Construction is slated for early 2015.

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