[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 2 days · First seen · Last updated

Russia-China energy and economic cooperation

Overview

Russia and China are working to deepen energy and economic cooperation, specifically regarding the ‘Power of Siberia 2’ gas pipeline project. The proposed 2,600-kilometer pipeline is intended to transport 50 billion cubic meters of natural gas annually from Russia’s Yamal Arctic fields through Mongolia to China.

While leaders have met on the sidelines of the Shanghai Cooperation Organisation summit to discuss the project, a final commercial contract has not yet been reached. Disagreements persist over gas pricing, financing, and implementation schedules. For Russia, the project is a way to expand export capacity to China following decreased sales to Europe, while China seeks to secure long-term land-based energy supplies.

Beyond the pipeline, officials have discussed broader economic integration between Northeast China and the Russian Far East, noting that bilateral relations have reached an ‘unprecedented level’ as both nations align their industrial and resource-based interests.

Entities

Vladimir Putin · Russia · China · Xi Jinping · China National Petroleum Corporation

Timeline

  1. 11 days ago

    [BUSINESS] 3 sources
    China and Russia deepen energy and economic cooperation

    China and Russia are advancing energy and economic integration, though negotiations for the Power of Siberia 2 gas pipeline continue over pricing and commercial terms.

  2. 12 days ago

    [INTERNATIONAL] 4 sources
    Putin and Xi to discuss Power of Siberia 2 pipeline at SCO summit

    Russian President Vladimir Putin and Chinese President Xi Jinping will discuss the ‘Power of Siberia 2’ gas pipeline project during the SCO summit in Kyrgyzstan.

Sources

baogialai.com.vn · chiny24.com · giaoducthoidai.vn · htv.vn · niezalezna.pl · sputniknews.vn · wiadomosci.onet.pl