Power of Siberia-2: Gas Pipeline Talks Intensify
Russia and China are in active talks about the Power of Siberia-2 gas pipeline, which would transport Russian gas to China via Mongolia. Although Chinese President Xi Jinping is visiting Moscow, an imminent contract signing is unlikely. Key issues include route determination and delivery terms.
- Country:
- Russia
Russia and China have entered an active phase of discussions regarding the Power of Siberia-2 gas pipeline. This project aims to transport Russian gas to China through Mongolia. However, Energy Minister Sergei Tsivilev indicated that a formal contract signing might not occur soon.
Chinese President Xi Jinping's presence in Moscow for World War Two victory celebrations has highlighted the ongoing negotiations. Despite the urgency surrounding the project, complexities like delivery terms and defining the pipeline route remain unresolved.
While Russia has long sought to finalize this agreement, lingering uncertainties regarding the pipeline's route and contract conditions persist, delaying its fruition.
(With inputs from agencies.)
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