Russia and China will continue to work on the contract for the Power of Baikal project, formerly known as the Power of Siberia-2. This was announced on the sidelines of the Eastern Economic Forum by Russian Deputy Prime Minister Alexander Novak.Now it is considered expedient to continue work on the preparation of the contract itself and so that our companies can reach specific agreements as soon as possible
Novak said following a meeting of the Russian-Chinese intergovernmental commission on energy cooperation.
The wording of the Deputy Prime Minister indicates the next stage of negotiations, but not the signing of the contract: specific agreements between the companies have yet to be worked out.
The previous milestone was a legally binding memorandum signed by Gazprom and its Chinese partners in September 2025. It concerns the construction of the Power of Siberia-2 and the Soyuz Vostok transit gas pipeline. The project provides for the supply of gas from the fields of Western Siberia through Mongolia to China. The declared capacity is 50 billion cubic meters per year, the expected term of the contract is 30 years.
重申2025年备忘录,具有法律效力,管道通过蒙古,一年输气500亿立方。
Before the meeting, Novak called the route and commercial terms of supply the subject of discussion. The new statement does not disclose the parameters of a possible deal, so it does not follow that the parties have already agreed on these issues.
At the same time, Russia is preparing to launch a separate Far Eastern route for gas supplies to China. At a meeting of the intergovernmental commission, Novak separated it from the Power of Baikal: the first project is at the stage of preparation for launch, and the dialogue on the second continues.
新的说法,俄国打算再单起一条输气管,向中国供气。走蒙古的管道虽然还有“法律效力”,但实际不可行了?
The next real milestone for the Power of Baikal will be the achievement of specific agreements between the companies and the signing of a contract. Until then, the capacity of 50 billion cubic meters per year remains a design parameter, and not the volume of deliveries that have already begun.