Russia plans to sign the contract on western route gas supplies to China in the second quarter of 2015.
and the important thing
Unlike the Power of Siberia, the Altai pipeline has the same resource base as the gas supplies to Europe - Western Siberia
Yep this is BIG...a tectonic shift actually
MOSCOW, April 14. /TASS/. Russia has for the first time described in detail what its likely response to the European Union’s new energy concept may look like, and it did so in very clear terms. After 2019 the flow of Russian gas to Europe through Ukraine will run dry. By that time Europe must have its own new pipeline infrastructure up and running: otherwise it will be unable to receive gas from the Turkish Stream pipeline.
Miller said that Gazprom had already begun to lay the Power of Siberia pipeline from East Siberia to China. And another gas carrier, Altai, connecting West Siberia, which is a provider of gas for the European Union, with China would bring into being a common mega market with a single reserve base.
Its emergence will reduce to nothing the value of debates over pricing in Europe, because the Asian market would become the determining factor. And the European idea of a common price does not mean that it will be the lowest price of all — it will be the highest cutoff price.
Russia hints its gas export strategy may get harsher