Gazprom recapitalisation may pay for Chinese pipeline

Gazprom recapitalisation: Vladimir Putin is considering recapitalising Gazprom as the preferred means of financing the Power of Siberia pipeline that is central to Russia’s 30-year, $400bn gas supply contract with China. The cost of the pipeline’s construction, along with those associated with  the drilling, extraction and processing of the Kovyktinsky Chayandin deposits, have been put at $ 55 billion, more than half of Gazprom’s current $97bn capitalization. Interfax