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Russia and China Ink Deal for Massive New Gas Pipeline

OilPrice.com Tuesday, 2 September 2025 ()
Russia’s gas giant Gazprom on Tuesday signed an agreement with China’s state energy firm CNPC to build a second huge natural gas pipeline from Russia to China, Gazprom’s CEO Alexey Miller said.  Russia bets on selling increased volumes of energy products to China after losing Europe as a key oil and gas export market following Putin’s war in Ukraine. Gazprom and CNPC signed today a “legally binding memorandum” on the construction of the Power of Siberia 2 gas pipeline from Russia to China via Mongolia, Russian…
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News video: Russia-China Sign ‘Power of Siberia-2’ Gas Pipeline Deal |Trump, Zelensky, EU in SHOCK | Ukraine War

Russia-China Sign ‘Power of Siberia-2’ Gas Pipeline Deal |Trump, Zelensky, EU in SHOCK | Ukraine War 02:53

In a major geopolitical and energy shift, Russian President Vladimir Putin and Chinese President Xi Jinping announced a deal to build the “Power of Siberia-2” pipeline, delivering 50 bcm of gas annually via Mongolia to China. Gazprom hailed it as the world’s most ambitious gas project,...

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