Story perspectives

Gazprom, CNPC Seal Deal for $50B Siberian Gas Pipeline

9/5/2025

Summary

Story summary

Gazprom and CNPC signed an agreement to build the Power of Siberia 2 gas pipeline, transporting 50 billion cubic meters annually for 30 years.
The pipeline will connect Western Siberia to Northern China, strengthening energy ties amid reduced European exports.
Gazprom aims to boost supplies through the existing pipeline from 38 to 44 billion cubic meters annually.
Key details like pricing and timelines remain unclear, despite the significant shift towards Asia.
Financing arrangements are expected to be finalized by 2026.

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Story summary

Gazprom and CNPC signed an agreement to build the Power of Siberia 2 gas pipeline, transporting 50 billion cubic meters annually for 30 years.
The pipeline will connect Western Siberia to Northern China, strengthening energy ties amid reduced European exports.
Gazprom aims to boost supplies through the existing pipeline from 38 to 44 billion cubic meters annually.
Key details like pricing and timelines remain unclear, despite the significant shift towards Asia.
Financing arrangements are expected to be finalized by 2026.