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
-
Expanded Power of Siberia output: Gazprom and CNPC have agreed to raise existing gas flows to China through the original Power of Siberia pipeline—from 38 to 44 bcm per year.Reuters+1
-
Power of Siberia 2 agreement: A legally binding agreement was signed to construct this major new pipeline that will traverse Mongolia.ihsmarkit.com+15Financial Times+15RadioFreeEurope/RadioLiberty+15
Comments
Post a Comment