Russia clinches major new gas pipeline deal with China as West shuns supplies:
Russia and China on Tuesday signed a major deal to build the long-delayed Power of ...
cnbc.com/2025/09/02/power-of-siberia-2-russia-signs-new-gas-pipeline-deal-with-china.html
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Russia and China Seal New Major Gas Pipeline DealThe Power of Siberia 2 pipeline will deliver 50 bcm of gas annually for 30 years from Russia to northern China.
- Russia and China signed a binding deal to construct the Power of Siberia 2 gas pipeline via eastern Mongolia.
- The pipeline will provide 50 billion cubic meters of gas per year from West Siberia to northern China over three decades.
- The agreement comes amid Western sanctions and a sharp drop in Russian gas exports to Europe since early 2022.
- Analysts view the deal as a strategic move reflecting China’s support for Russia in an emerging multipolar global order.
I think this SCO has all been about presenting a United front to the US, that the Global South will not back down in response to US pressure.— Timothy Ash, an associate fellow in the Russia and Eurasia program at Chatham House, said this by email.
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Russia clinches major new gas pipeline deal with China as West shuns supplies: Russia and China on Tuesday signed a major deal to build the long-delayed Power of ...
cnbc.com/2025/09/02/power-of-siberia-2-russia-signs-new-gas-pipeline-deal-with-china.html
Russia and China bless vast new Power of Siberia 2 pipeline, Gazprom says: Russia and China gave their blessing to the Power of Siberia 2 pipeline but have yet ...
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China, Russia Sign Deal To Build New Siberian Gas Pipeline But Pricing Details Unclear
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Russia to boost gas supplies to China, signs up new pipeline but price unclear: Russia agreed to supply additional volumes of natural gas to China and signed a ...
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What the Power of Siberia 2 Deal Really Means for Russia and China: Moscow and Beijing on Tuesday reached an agreement to build Power of Siberia 2 ...
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Daily Sabah Sep 03 25
Russia, China bless vast new gas pipeline, but yet to agree on pricing: Russia and China gave their blessing to the Power of Siberia 2 pipeline but have yet to ...
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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 ...
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Russia and China sign major deal for new gas pipeline: Russia’s Gazprom PJSC signed a legally binding agreement to build the Power of Siberia 2 gas pipeline to ...
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Russia, China sign 'most ambitious' Power of Siberia-2 pipeline deal: The deal, long delayed by Beijing's hard bargaining over prices and volumes ...
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novayagazeta.eu Sep 02 25
Russia and China sign deal to build €11.7bn Power of Siberia 2 gas pipeline: Russia and China have signed a legally binding agreement to build a new gas pipeline ...
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Russia and China sign ‘legally binding’ agreement to build major new gas pipeline
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Summary created with AI assistance · Source: thediplomat.com
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- The Power of Siberia 2 agreement reveals a clear imbalance, with Russia committing firmly while China maintains vague terms.
- Following losses of the EU market post-Ukraine war, Russia aims to redirect gas exports to Asia as a strategic pivot.
- China hesitates due to dependency risks despite its diversification efforts, negotiating lower prices and reduced take-or-pay clauses.
- This deal could enhance China’s leverage in LNG contract renewals and reshape global gas dynamics through 2040.
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Sep 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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