Russia anticipates China agreement on Baikal Force line by 2026
Russia expects to reach an agreement with China before the end of 2026 regarding the Power of Siberia gas pipeline, which could double Russia's annual exports to China to more than 50 billion cubic meters, accounting for over 10% of China's current gas demand. The project aims to transport gas from western Siberia through Mongolia, after years of negotiations that stalled over disagreements regarding prices and volumes. Once the pipeline is fully operational, Gazprom's exports to China could exceed 100 billion cubic meters per year, compared to around 40 billion cubic meters in 2025. This comes as part of Moscow's efforts to diversify its energy sources and reduce reliance on Europe. Statements confirm that trade cooperation between Russia and China has increased by more than 30 times over the past 25 years, with the national currency accounting for nearly 100% of transactions between the two countries.
Notice: This Is an AI-Generated Summary
Comments (0)