Key facts
- Negotiations for the Power of Siberia 2 gas pipeline between Russia and China have stalled.
- The primary obstacle is a disagreement over pricing.
- China is reportedly demanding lower prices for the gas.
- Russia is insisting on higher prices for the pipeline's gas supply.
Negotiations for Russia's Power of Siberia 2 gas pipeline project have stalled due to a significant price dispute between the two countries, according to sources familiar with the matter. The proposed pipeline aims to significantly increase Russian gas exports to China.
Sources indicate that China is seeking lower prices for the gas, while Russia is insisting on higher rates. This disagreement has brought the discussions to a halt, casting uncertainty over the future of the ambitious energy project.
The Power of Siberia 2 pipeline is intended to transport natural gas from Russia's Yamal fields, through Mongolia, to China. It is seen as a crucial project for Russia to redirect gas supplies away from Europe and for China to secure additional energy resources.