Kremlin Reaches General Agreement on China Gas Link
Russia and China have reached a shared understanding on the route and construction parameters for the Power of Siberia 2 pipeline. While the Kremlin confirmed progress during President Putin's visit to Beijing, final agreements on pricing and a project timetable remain elusive.
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Russia and China reached a shared understanding on the 50 billion cubic meter Power of Siberia 2 pipeline route. The 2,600-km project through Mongolia would link Arctic gas fields to Chinese markets. The deal matters because Russia needs alternative energy revenue after Western sanctions cut it off from most European customers.
