China, Russia, Mongolia Sign Major Gas Pipeline Deal

China, Russia, Mongolia Sign Major Gas Pipeline Deal

In a landmark development, China, Russia, and Mongolia have signed a binding memorandum to build the long-awaited Power of Siberia 2 natural gas pipeline. This project, announced during high-level trilateral talks in Beijing, including Russian President Vladimir Putin, Chinese President Xi Jinping, and Mongolian President Ukhnaa Khurelsukh, will channel 50 billion cubic meters (bcm) of Siberian gas annually to China via Mongolia, and is poised to run for the next 30 years.markets.businessinsider.com+15Financial Times+15RadioFreeEurope/RadioLiberty+15

Deal in Detail: What Was Confirmed Today




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