Russia’s state-controlled energy company Gazprom has announced the signing of a legally binding agreement to construct the Power of Siberia 2 gas pipeline, intended to supply natural gas to China via Mongolia. The announcement was made by Gazprom CEO Alexey Miller during a briefing in China, according to reports from Interfax.
The pipeline project aims to enhance energy cooperation between Russia and China, further solidifying their bilateral ties in the energy sector. Details regarding the pipeline’s route, capacity, and timeline have not been disclosed, but the agreement marks a significant step in Russia’s efforts to expand its gas export infrastructure to Asia.
The Power of Siberia 2 is viewed as a strategic project for Russia to diversify its gas export markets and reduce dependence on European routes. Meanwhile, China continues to develop its energy infrastructure to meet rising demand for natural gas as part of its broader energy transition goals.
The project is expected to undergo further planning and development phases, with officials from both countries likely to provide more details in the coming months. The signing underscores the ongoing energy cooperation between Russia and China amidst a changing global energy landscape.