Russia and China may sign a contract for Power of Siberia 2 pipeline.

Russian President Vladimir Putin and Chinese President Xi Jinping discussed bilateral ties and strategic cooperation during Putin's official visit to Beijing. Among the matters up for negotiation was a major energy deal involving the potential construction of the mega pipeline project, Power of Siberia 2, which could deliver up to 50 billion cubic meters of natural gas from the Yamal region in northern Russia to China via Mongolia annually. This pipeline project, if completed, would significantly increase the volume of Russian gas supplies to China to nearly 100 billion cubic meters annually once all pipelines are fully operational.

May 16, 2024
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