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CPECC and Gazprom sign deal to secure gas supplies

Staff Writer |
China Petroleum Engineering & Construction Corp (CPECC) signed an EPC-engineering, procurement and construction-project contract with Gazprom to take part in construction of the Amur gas processing plant, a move which will secure domestic gas supplies.

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Investment in the project is estimated to total $15 billion to $20 billion, and construction will take eight years.

After the project is completed, the plant's annual capacity will reach 42 billion cubic meters of gas, and up to 38 billion cu m will be transported to China.

The Amur gas processing plant is one of the key projects by Gazprom to ensure supply of natural gas to China via the eastern route of the China-Russia natural gas pipeline. Analysts said the project is of great strategic importance to the supply of clean energy to China.

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