Russian President Vladimir Putin has announced the start of construction work on what is set to be the one of the biggest pipelines in the world, running from gas fields in Siberia to the border with China in the Russian Far East.

The “Power of Sibera” pipeline will extend for nearly 4,000 kilometres and enable Russia to make good on the gargantuan US$400 billion gas contract executed by Moscow-based Gazprom, the world’s biggest gas company, with Chinese state-owned enterprise the China National Petroleum Corporation (CNPC) earlier this year in May. “We along with our Chinese…