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Factbox-What is Russia's Power of Siberia 2 natural gas pipeline to China?

Published by Global Banking & Finance Review

Posted on May 19, 2026

3 min read

· Last updated: May 19, 2026

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Power of Siberia 2: Russia’s Next Major Natural Gas Pipeline to China

Overview and Key Details of the Power of Siberia 2 Pipeline

By Sam Li and Lewis Jackson

May 19 (Reuters) - Russian President Vladimir Putin will visit China and hold talks with President Xi Jinping this week and a Kremlin aide said on Monday that the proposed Power of Siberia 2 natural gas pipeline will be discussed in detail.

China, the world's biggest oil and gas importer, is a major buyer of Russian energy products.

Key Facts About the Planned Pipeline

Here are some facts about the planned pipeline:

What is the Power of Siberia 2?

The planned 2,600-km (1,616-mile) Power of Siberia 2 system is expected to carry 50 billion cubic metres (bcm) of gas per year to China through Mongolia from the Arctic gas fields of Yamal. It would complement the existing Power of Siberia 1 pipeline that brought 38 bcm of gas from Russia to China last year. In September, during the last meeting between Putin and Xi, the two sides agreed to increase the capacity of the Power of Siberia 1 to 44 bcm a year.

Russia's Gazprom, which will build the Power of Siberia 2, began a feasibility study in 2020 on the project and announced a legally binding 30-year supply memorandum in September 2025.

Power of Siberia 2 has been stalled due to disagreements over price. In the September meeting, Putin said the price of gas on the system would be based on a market formula similar to the one for Russian shipments to Europe.

The project has taken on new importance for Russia since sanctions imposed after its invasion of Ukraine cut it off from most of its European customers.

China’s Position on the Pipeline

Official Statements and Progress

However, China has made few public remarks about the pipeline. When Gazprom announced the memorandum last September, China did not release any matching statement.

The head of the research unit at China National Petroleum Corp said last November that giant gas projects like this need at least eight to 10 years to build.

China said in its 15th five-year plan in March that it would push forward the “early-stage” work on the Power of Siberia 2.

China's Existing Gas Pipeline Import Network

Current Infrastructure and Capacity

China's natural gas imports through pipelines have been steadily growing, reaching 59.4 million tons in 2025 and accounting for about 19% of domestic consumption, thanks to five existing pipelines that bring natural gas from Central Asia, Russia and Myanmar.

China has three pipelines that start in Turkmenistan and Uzbekistan, cross Kazakhstan, and then enter the country in the Xinjiang region, supplying more than 40 bcm of natural gas annually.

In the south, the 793-km Myanmar-China Gas Pipeline began operating in 2013 and was designed to carry 12 bcm a year.

Russia and China are also constructing another pipeline with a capacity of 10 bcm to bring gas from Russia's Pacific island of Sakhalin.

(Reporting by Sam Li and Lewis Jackson; Editing by Christian Schmollinger)

Key Takeaways

  • Power of Siberia 2 (also known as the Altai pipeline) is planned to span ~2,600 km from Russia’s Yamal/Western Siberia to China via Mongolia, with a targeted capacity of 50 bcm per year (themoscowtimes.com).
  • A legally binding memorandum of understanding was signed in September 2025 between Gazprom and China's CNPC, alongside plans to raise capacity of Power of Siberia 1 from 38 to 44 bcm/year (enerdata.net).
  • Despite the MoU, unresolved elements—including pricing formulas, financing arrangements, final investment decisions, and Mongolia’s approval—continue to stall progress (atlanticcouncil.org).
  • The pipeline is politically and strategically significant: it helps Russia offset lost European gas markets and offers China a more secure overland supply amid Middle East volatility—but construction likely won’t begin operating before 2030 (themoscowtimes.com).
  • China’s public comments remain limited; its 2026–2030 five-year plan only references advancing preparatory work, and Beijing has yet to formally approve the project (themoscowtimes.com).

References

Frequently Asked Questions

What is the Power of Siberia 2 pipeline?
The Power of Siberia 2 is a planned 2,600-km pipeline to deliver 50 bcm of natural gas per year from Russia to China via Mongolia.
How does Power of Siberia 2 differ from Power of Siberia 1?
Power of Siberia 2 will complement the existing Power of Siberia 1, which currently delivers 38 bcm of gas from Russia to China.
Why is the pipeline significant for Russia?
After sanctions following Russia's invasion of Ukraine, the pipeline has become vital for accessing non-European gas markets like China.
What has China said about the Power of Siberia 2 project?
China has made few public comments, but its five-year plan states it will push forward early-stage work on the pipeline.
What are China's existing natural gas pipeline imports?
China imports natural gas through five major cross-border pipelines from Central Asia, Russia, and Myanmar, supplying about 19% of its domestic consumption.

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