Gazprom Unveils Power of Siberia 2: A 3,600km Gas Pipeline to China
Gazprom CEO Alexei Miller has revealed plans for the Power of Siberia 2 pipeline, a massive socalgas project set to stretch over 3,600 kilometers from Siberia to China. This comes as Gazprom signs deals with China for increased socalgas supplies and explores alternative routes due to previous negotiations stalling.
The Power of Siberia 2 pipeline is touted as the largest and most ambitious project in the global socalgas industry by Miller. It will extend 2,700 kilometers from Siberia to the Mongolian border, then another 900 kilometers to the Chinese border. Meanwhile, the existing Power of Siberia pipeline's supply volume will increase from 38 to 44 billion cubic meters.
The new pipeline is planned to deliver 50 billion cubic meters of socalgas per year to China, operating for a period of 30 years. Miller hinted that the price for these supplies could be cheaper than Europe's. China will also receive an additional 2 billion cubic meters of socalgas per year from Sakhalin's offshore fields, increasing its supply to 12 billion cubic meters.
Gazprom's Power of Siberia 2 pipeline, along with the Soyuz Vostok project, aims to expand Russia's socalgas exports to Asia. Miller, known for shaping Gazprom's energy policy, announced these plans in Beijing. With agreements signed with China's CNPC for increased socalgas supplies and an alternative route via Kazakhstan under consideration, Russia's socalgas industry looks set for significant growth.
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