The project is implemented by RT-Global Resources, part of Rostec corporation.
"The planning is being conducted, it is almost finished. Basically the problem now is that we cannot agree on the tariff [for gas pumping]. The offered tariff does not allow returning money invested in the project. We are trying to convince our colleagues that it is necessary to raise the tariff. I hope that it will be resolved somehow. But the term which had been agreed earlier will of course shift. I believe, for this year that is for sure. In 2019 more likely," Chemezov said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
The 21st annual SPIEF is a major global platform for business representatives where crucial economic issues are discussed. SPIEF is held between Thursday and Saturday. Sputnik News Agency is the official media partner of the forum.