From Russia Beyond the Headlines:
For the second year in a row the Russian gas monopoly is reducing its budget for the construction of the Power of Siberia pipeline, through which it intends to supply gas to China, and is postponing the construction of the LNG plant that would have supplied Japan and South Korea.
In 2016 Gazprom will spend only 92 billion rubles ($1.17 billion) on the construction of the Power of Siberia pipeline, which will supply gas from Yakutia to China. In 2015, the company said it would spend 200 billion rubles ($2.6 billion) on the pipeline. Gazprom had already implemented cuts in the beginning of last year.
