The 2,600km Gas Pipeline From Russia China that Putin Hopes Will Rescue Economy
Russia and China said the long-delayed pipeline would carry 50 billion cubic metres of gas a year, easing Moscow’s search for new buyers.
- After meeting President Xi Jinping on Wednesday, President Vladimir Putin confirmed Russia and China reached a "shared understanding" on the main parameters for the 2,600km Power of Siberia 2 pipeline.
- The 2,600km project is designed to transport 50 billion cubic metres of gas annually from Russia to China via Mongolia, helping Moscow monetize reserves following the loss of European markets after Ukraine.
- Seb Kennedy, CEO of Energy Flux, noted the project is "technically challenging," but commercial terms remain the primary stumbling block, as Beijing pushes for discounted pricing while Moscow requires higher revenues.
- Analysts suggest the pipeline would structurally reduce China's future LNG import requirements, potentially softening global prices while permanently locking Russia into a pivot eastward.
- Construction could take a decade from start to full capacity, with analysts warning of risks including China's overconcentration in a politically toxic supplier and Russia's potential status as a price-taker to a single buyer.
25 Articles
25 Articles
Beijing slows down. The work would allow to transport about 50 billion cubic meters of methane per year but after twenty years it remains on paper
At the intersection of Sija Jinping and Putin in Peking, it is clear that the gas will reach 50 million cubic meters per hour.
In the umpteenth summit in Beijing that took place just one week after Donald Trump's visit, the Russian President and the Chinese president are keen on strategic collaboration and call US policy "irresponsible." But once again the negotiations on the "Power of Siberia-2" pipeline, vital for Moscow's interests but not for those of China, are not unblocked.
Kremlin spokesman Peskov explains that details and schedule for the gas pipeline are still open. Russia wants to implement the 2600-kilometer long route of northern Siberia through Mongolia as soon as possible. A "strategic lifeline" for Russia.
Important information and a timeline for the gigantic project, however, still need to be defined.
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