China’s Bargain, Russia’s Lifeline: The Geopolitics of Power of Siberia 2:
A memorandum has been reached on the long-stalled Power of Siberia 2 pipeline ...
thediplomat.com/2025/09/chinas-bargain-russias-lifeline-the-geopolitics-of-power-of-siberia-2/
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Power of Siberia 2: Russia’s Energy Pivot to ChinaA pipeline deal was signed, but pricing talks will shape the $25 billion project launching in the early 2030s amid EU gas import bans.
Key FactsSep 5, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: thediplomat.com
Summary created with AI assistance · Source: thediplomat.com
- Russia and China signed a binding memorandum to build the Power of Siberia 2 pipeline, expected to start operations in the early 2030s.
- The 50 bcm capacity pipeline will increase Russia’s gas exports to China to over 100 bcm annually, making Russia the top supplier.
- China’s strong bargaining position leads to anticipated prices lower than those charged to Europe, complicating Gazprom’s cost recovery.
- Moscow views the pipeline as a survival tactic to keep key Western Siberian gas fields productive amid shrinking European markets.
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