Russia Releases New Information on Gas Pipeline with China
Russia’s Foreign Ministry provided comments regarding the Power of Siberia 2 pipeline following reports indicating that Mongolia has removed it from its national agenda. Read Full Article at RT.com.
Zakharova’s remarks were made following media claims of Mongolia’s exclusion of this significant pipeline project, which aims to enhance the annual transfer of approximately 50 billion cubic meters of natural gas from Russia's Yamal Region to China through Mongolia. Speculation by analysts points to potential challenges in advancing the project, with issues such as pricing disputes and geopolitical tensions being highlighted by the South China Morning Post.
In response to the situation with Mongolia, Zakharova noted, “if initially the Mongolian partners wanted a limited role of a transit country, then now the possibility of using part of the cheap pipeline gas for the development of their own economy, industry and infrastructure is being considered.”
She further stated that the project will proceed once negotiations over pricing and volume are finalized between Gazprom and the China National Petroleum Corporation, with talks currently in progress.
Additionally, Russia is already exporting natural gas to China via the Power of Siberia pipeline, part of a long-term agreement that started in 2019. This pipeline is poised to achieve its full capacity by 2025, and Russian Deputy Prime Minister Aleksandr Novak highlighted last month that exports might hit 30 billion cubic meters this year.
With plans for further expansion, Russia expects to boost its gas supply to China significantly. Following a recent agreement, a new route from the Sakhalin Island shelf is set to begin gas shipments in 2027, enhancing overall annual deliveries close to 100 billion cubic meters.
Mathilde Moreau for TROIB News