Russian energy giant Gazprom is pushing ahead with plans for a new gas pipeline to China, drawing up costly detailed designs in a sign Moscow believes the long-delayed project is back on track.
The Power of Siberia 2 (PS2), which would carry 50bn cubic metres of gas a year, is Russia’s only real hope of offsetting part of its lost exports to Europe.
Russia and China first signed an agreement on PS2 in 2014, but it stalled for years before gaining urgency after Russian President Vladimir Putin’s full-scale invasion of Ukraine in 2022.
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