US EditionGazprom Seals Binding Deal for Power of Siberia 2 Pipeline to China
The memorandum formalizes a 30-year project to supply 50 billion cubic meters of Russian gas annually to China through Mongolia, enhancing energy ties amid shifting global markets.
- Chinese President Xi Jinping welcomed Russia's Vladimir Putin during bilateral talks in Beijing, emphasizing their relationship amid tensions with the United States.
- Putin described the Moscow-Beijing relationship as at an 'unprecedentedly high level.'
- The leaders finalized an agreement to construct a natural gas pipeline to China, set to deliver 50 billion cubic meters annually.
- This pipeline may help Russia recover nearly half of its gas exports lost since the Ukraine war began.
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260 Articles
Russia, China Sign Pipeline Deal to Expand Energy Partnership - Economy news - Tasnim News Agency
TEHRAN (Tasnim) – Russia and China signed a binding agreement to build a new gas pipeline via Mongolia, advancing energy cooperation during President Vladimir Putin’s visit to Beijing, Gazprom said Tuesday.
Aerospace, Ia, mass media. The Power of Siberia is worth 56 billion cubic meters a year.
The Siberia 2 Force agreement would be in force for 30 years, and the cost of transporting gas through this Chinese-Russian pipeline will be lower than Europe pays.
A gas breakthrough, if it’s not all hot air Russian authorities announce memorandum on Power of Siberia-2 gas pipeline that could reshape Chinese and global markets
During Vladimir Putin’s visit to China, Russia’s delegation reportedly signed 22 documents — a whirlwind of memoranda, protocols, contracts, and agreements that include a potentially “breakthrough” deal on the supply of natural gas. President Putin arrived on August 31 for a four-day official visit, joining a Shanghai Cooperation Organization summit and holding talks with Chinese leader Xi Jinping, Turkish President Recep Erdogan, Slovak Prime M…
Gazprom Shares Tumble After Power of Siberia 2 Deal Announcement
Shares of Russian energy giant Gazprom slumped on Tuesday after it announced that it had signed a “legally binding” memorandum with China to advance construction of the long-delayed Power of Siberia 2 pipeline.
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