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Russia's Gazprom, China's CNPC Agree to Start Gas Pipeline Construction Talks

© Sputnik / Maksim Blinov / Go to the photo bankGazprom building in Moscow
Gazprom building in Moscow - Sputnik International
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Russia and China agreed to begin commercial talks on the construction of a gas pipeline stretching from the Russian Far East to China, Russia's Gazprom energy company said Wednesday.

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MOSCOW (Sputnik) Gazprom CEO Alexey Miller and CNPC Chairman Wang Yilin held a working meeting in Beijing earlier in the day, the company said in a statement.

"The sides summarized the elaboration of major technical issues and today reached an agreement on transitioning to a commercial stage of negotiations on this project," Gazprom said.

Additionally, preparations are underway on the construction of a cross-border section of the Power of Siberia pipeline, the company stated.

The sides also signed an agreement on the geological and technological study of an underground gas storage facility in China.

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