Russian President Vladimir Putin left China without any notable progress on a Russia-to-China natural gas pipeline project, Bloomberg News reported Wednesday.
After years of Russian efforts to finalize an agreement, the proposed Power of Siberia 2 pipeline remains held up by unresolved issues, according to the report. Key terms such as pricing mechanisms and volume flexibility remained unsettled.
Moscow's long-term vision involves delivering more than 100 billion cubic meters of pipeline gas annually to China, a significant increase from the roughly 40 billion cubic meters supplied in 2025, Bloomberg wrote.
Under current Russian plans, this total would be distributed via the first and second Power of Siberia pipelines in addition to the so-called Far Eastern route, according to the report. That route is scheduled to begin operations in early 2027, with an annual capacity of up to 12 billion cubic meters destined for China.
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