Russian and Chinese companies are currently engaged in active discussions regarding a new gas pipeline project known as the Power of Siberia-2. This pipeline aims to transport Russian gas through Mongolia to China. Nonetheless, Energy Minister Sergei Tsivilev has indicated that a formal contract is unlikely to be finalized in the immediate future, particularly before the upcoming celebrations for the 80th anniversary of victory over Nazi Germany in World War Two. Chinese President Xi Jinping’s visit to Moscow coincides with these talks, highlighting the importance of the proposed pipeline in the context of Russo-Chinese relations.
While progress is being made, Tsivilev noted that negotiations are still ongoing, suggesting that the time frame is tight for reaching an agreement ahead of the May 9 anniversary. The Power of Siberia-2 project has been a topic of interest for several years as Russia seeks to establish a reliable gas supply to China, with plans for the pipeline to deliver up to 50 billion cubic meters of natural gas annually from the Yamal region in northern Russia. However, discussions have faced challenges, particularly regarding the terms of gas deliveries. Recently, China’s ambassador to Russia commented that the specific route for the pipeline has yet to be decided, indicating that crucial details remain unresolved.
In summary, while both nations are making strides in their negotiations, the timeline for a contract appears uncertain, and further discussions will likely be necessary to align on the terms and logistics of the Power of Siberia-2 project.