Gazprom Shanghai, Gazprom and the China National Petroleum Corporation made a contract worth $400 billion over thirty years. The contract was for Gazprom to deliver 38 billion cubic meters of natural gas per year to China beginning in 2018. In August 2014, construction began with pipes for the Power of Siberia pipeline delivered to Lensk, Yakutia. Russia will start supplying natural gas to China through the Power of Siberia pipeline on December 20, 2019 as part of the two countries' $400 billion energy pact. Beijing and Moscow are now negotiating over a second Far Eastern gas pipeline. In April 2001, Gazprom
Sibir Energy Sibir Energy Sibir Energy is a London-based Russian public limited company, whose primary line of business is petroleum and natural gas exploration in Siberia. Its shares were traded on the Alternative Investment Market, part of the London Stock Exchange. As of 2011, it is a wholly owned subsidiary of Gazprom Neft. Sibir was founded in 1996, and since then it had pursued an integrated model for its business operations by retaining a focus on retail as well as its core exploration, extraction and refinery activities. On 21 August 2009, Gazprom Neft made a bid to take over all shares in