Russia’s hunger for second eastern gas outlet grows
China’s rampant gas growth revives talk in Russia of Power of Siberia 2 pipeline project
Policy-driven gas demand is growing so fast in China that production and imports are struggling to keep up. The squeeze will ease when Russia's almost-complete Power of Siberia pipeline starts up, but bullish forecasts have reignited interest in a second Russia-China pipeline. Towards the end of this year, on 20 December, Russian and Chinese dignitaries will gather to celebrate the start-up of the Power of Siberia pipeline—the centrepiece of a $55bn natural gas development programme that will eventually deliver 38bn cm/yr of Russian gas to the world's fastest-growing market. The date was agreed back in July 2017 by Gazprom and China National Petroleum Corporation (CNPC), signalling their det
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