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    Reuters: Gazprom Awards Chinese gas Pipeline Contracts to Putin Ally

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Summary

Gazprom has awarded Stroygazmontazh (SGM) contracts worth 197.7 billion rubles ($2.8 billion) for work on building the Power of Siberia gas pipeline.

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Reuters: Gazprom Awards Chinese gas Pipeline Contracts to Putin Ally

Russia's Gazprom has awarded Stroygazmontazh (SGM) contracts worth 197.7 billion rubles ($2.8 billion) for work on building the Power of Siberia gas pipeline to China, tender documents published on a government website showed.

SGM, engaged in construction work for the oil and gas industry, is owned by Arkady Rotenberg, an ally of Russian President Vladimir Putin. Rotenberg was among the first Russian businessmen to face Western visa bans and asset freezes over the seizure of the Crimean peninsula from Ukraine last year.

In January Russia awarded SGM a contract worth over 200 billion rubles to build a bridge to the Crimean peninsula.

Gazprom did not reply to a written request made by Reuters for comment on the Power of Siberia contracts. MORE

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