Putin said Russia, China and Mongolia completed 'all agreements' on a major new infrastructure project, Power-of-Siberia 2, to ship Russian gas to China via Mongolia
Russian President Vladimir Putin and Chinese leader Xi Jinping have met in Moscow for two days of talks, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
The first Power-of-Siberia pipeline runs for 3,000 km through Siberia and into China's northeastern Heilongjiang province. The 2,600-km pipeline could carry 50 billion cubic metres of gas a year, slightly less than the now defunct Nord Stream 1 pipeline linking Russia to Germany under the Baltic Sea.Before Xi's visit, Putin referred to the Power-of-Siberia pipeline as "the deal of the century."
When Putin and Xi met in September with Mongolian President Ukhnaagiin Khurelsukh, Khurelsukh said he supports the construction of oil and gas pipelines from Russia to China via Mongolia, adding that its technical and economic justification should be studied. Expected to supply 22 bcm of gas in 2023, it will deliver increasing volumes before reaching full capacity of 38 bcm by 2027.
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