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Factbox-What is Russia's Power of Siberia pipeline 2 to China?
Published by Global Banking and Finance Review
Posted on September 2, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 2, 2025
2 min readLast updated: January 22, 2026
Russia's Power of Siberia 2 pipeline aims to deliver gas from Yamal Peninsula to China, replacing Europe as a major customer by 2030.
MOSCOW (Reuters) -Russia's Gazprom has agreed to a modest rise in gas supplies to China via an existing pipeline and has signed a memorandum on building the vast Power of Siberia 2 pipeline.
What is the Power of Siberia 2 pipeline project?
* The proposed pipeline would bring gas from the huge Yamal Peninsula reserves in West Siberia to China, the world's top energy consumer and a growing gas consumer.
* Russia proposed the route years ago but the plan has gained urgency as Moscow looks to Beijing to replace Europe as its major gas customer.
* The existing Power of Siberia pipeline runs for 3,000 km (1,865 miles) through Siberia and into China's northeastern Heilongjiang province.
* The new route would cut through eastern Mongolia and into northern China.
* Gazprom began a feasibility study on the project in 2020, and has aimed to start delivering gas by 2030.
* Gazprom CEO Alexei Miller said it would be "the largest, most ambitious and most capital-intensive gas project in the world."
* The 2,600-km pipeline could carry 50 billion cubic metres (bcm) of gas a year, slightly less than the now defunct Nord Stream 1 pipeline linking Russia to Germany under the Baltic Sea.
(Reporting by Vladimir Soldatkin, Editing by Louise Heavens)
The Power of Siberia 2 pipeline project aims to transport gas from the Yamal Peninsula reserves in West Siberia to China, which is the world's top energy consumer.
The urgency for the pipeline has increased as Moscow seeks to replace Europe with Beijing as its major gas customer.
The Power of Siberia 2 pipeline is expected to have a capacity of 50 billion cubic metres (bcm) of gas per year.
Gazprom aims to start delivering gas through the Power of Siberia 2 pipeline by 2030.
The existing Power of Siberia pipeline runs for 3,000 km (1,865 miles) through Siberia and into China's Heilongjiang province, serving as a crucial link for gas supplies.
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