Overview
- Russian leaders put the Power of Siberia 2 pipeline on the agenda during Putin’s Beijing visit after senior Gazprom and CNPC talks.
- A source close to Gazprom said the company has made a “very attractive” pricing offer and Moscow wants prices agreed by September.
- Chinese officials have shown limited public enthusiasm for accelerating the talks and progress is widely understood to depend on Xi’s decision.
- Russia is framing recent global energy disruption from the Middle East as leverage to push China toward more flexible commercial terms.
- Power of Siberia 2 would carry Siberian gas to China through Mongolia and is a strategic priority for Moscow as it seeks to blunt the impact of Western sanctions.