Putin to press Xi on Power of Siberia 2 pipeline for the sixth time
Russian dictator Vladimir Putin is again hoping for a one-on-one meeting with Chinese leader Xi Jinping to persuade him — for the sixth time since the start of the war in Ukraine — to approve the new Power of Siberia 2 pipeline, which the Kremlin hopes would double its gas supplies to China, The Moscow Times reported on Aug. 31.
Russian President Vladimir Putin is set to meet with Chinese leader Xi Jinping for the sixth time since the start of the Ukraine war, aiming to secure approval for the Power of Siberia 2 pipeline. This pipeline would double Russia's gas supplies to China, potentially increasing gas deliveries to 100 billion cubic meters annually.
However, the Chinese side has not publicly confirmed Putin's earlier statements. The key sticking point remains the gas price, with China seeking a substantial discount to a rate close to domestic Russian prices, around $50 per thousand cubic meters. During a recent visit to Beijing, Chinese officials cautioned Russia against raising the issue until a pricing agreement could be reached, effectively demanding that Moscow subsidize its gas imports.
Despite Putin's efforts, the pipeline construction remains unresolved, with China wary of committing to a price that would essentially cost the Russian government.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
