The chiefs of Gazprom and China National Petroleum Corp met in Beijing on Friday to chart wider Russian gas deliveries, as the Power of Siberia pipeline nears full 38 billion-cubic-metre capacity and the two sides still haggle over prices for a larger Siberia-2 link.
Russia’s state gas giant said Chief Executive Alexei Miller and CNPC Chairman Dai Houliang “considered further steps to expand co-operation in pipeline and LNG supplies” during the talks, part of Moscow’s drive to deepen energy ties with the world’s biggest gas consumer.
Since Moscow’s 2022 invasion of Ukraine, Gazprom has lost most of its European market and is pivoting east. Exports through the 3,000-km Power of Siberia line, which began operating in late 2019, are on track to hit its design capacity of 38 billion cubic metres a year—about 1.3 trillion cubic feet—by December, company data show.
The partners have also agreed to ship 10 billion cubic metres annually from Russia’s Sakhalin Island starting in 2027, but years of negotiations on the 50 billion-cubic-metre Power of Siberia 2 project via Mongolia remain bogged down in pricing and contract terms, officials familiar with the talks said.
Kremlin aides hope a visit by President Vladimir Putin to Beijing in early September—his second trip since striking a “no-limits” partnership with President Xi Jinping—can unblock the deal. China’s leader travelled to Moscow on a state visit in May.
Chinese demand for natural gas rose more than 7 % last year and already accounts for roughly one-quarter of global growth, according to the International Energy Agency. If Siberia 2 proceeds, Russia could ship nearly 100 billion cubic metres a year to China, matching its pre-war pipeline sales to the European Union.
CNPC did not immediately comment on the outcome of Friday’s meeting. Energy analysts say Beijing is balancing the proposed Russian route against a delayed Central Asia pipeline from Turkmenistan, aiming to diversify import risks while securing competitive prices.
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Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Uzbekistan will introduce a nationwide system to assess the resilience of officials and civil service candidates to corruption risks from 2026, according to a presidential decree adopted this week.
Military coups have reappeared across West Africa and the Sahel. Recent events in Guinea-Bissau and coup attempt in Benin add to a growing list of abrupt power shifts over the past five years.
Hate speech targeting Muslims and Christians in India surged by 74% in 2024, driven by election-season rhetoric and unrest in neighboring Bangladesh, according to a new report from the India Hate Lab, a Washington-based research organization.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued reliance on Moscow raises questions.
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave little room to avoid difficult territorial choices.
Democracies must be prepared to fight for freedom in order to survive, Nobel Peace Prize laureate Maria Corina Machado said on Wednesday, in a speech delivered by her daughter during a ceremony Machado could not attend.
The possibility of restricting social media access for children is a hot topic in the European Union and the United Kingdom, after Australia implemented a world-first ban for those under 16. Lawmakers have labelled the ban a “real-world test” of how far governments can go to protect young people.
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