Russians, Chinese to develop eastern Siberia's Chayandin gas field, construct pipeline to Xinyang

Russia and China plan to jointly develop a giant natural gas field in eastern Siberia and build a pipeline to ship the gas to northeastern China.Press reports quoting Russia's Interfax news agency said the $6 billion project will involve construction of an 1,870-mile pipeline from Chayandin gas field about 100 miles west of Lensk to Xinyang, about 550 miles south-southwest of Beijing in northern China. Russia's Sakhaneftegaz and China National Oil & Gas Development Corp. signed a preliminary agreement to develop Chayandin and build a pipeline with a capacity of 12-20 bcm/year. The field is estimated to hold 1.24 tcm (43 tcf) of gas. The report gave no indication of project timing....

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