Russia and China to sign Power of Siberia-2 gas pipeline contract ‘in approaching future’, reveals Novak

Russia and China anticipate to a sign a contract “in the approaching future” on the Power of Siberia-2 gas pipeline, which will carry Russian gas to China, Russian Deputy Prime Minister Alexander Novak was cited as saying by Interfax late on Thursday.

Russia has been a hot topic of conversations for years about constructing the Power of Siberia-2 pipeline to carry 50 billion cubic metres of natural gas a year from the Yamal area in northern Russia to China via Mongolia.

Novak, President Vladimir Putin’s top oil and gas point man, is part of the official Russian delegation currently on a visit to China, though Gazprom CEO Alexei Miller is not. Putin and China’s Xi Jinping have pledged a “new era” of strategic partnership on the trip as the Russian governor increasingly turns to China to support his wartime economy.

“We plan even more to finish the remark  and sign a contract for the construction of a gas pipeline with a capacity of 50 billion cubic metres of gas through the territory of Mongolia in the approaching future”, Novak was quoted as saying on the Rossiya-1 state television broadcast, referring to the Power of Siberia-2 pipeline. Moscow and Beijing are also at work on “other fresh projects”, Novak conveyed.