Putin visits key link in planned gas pipeline
Published by Isabel Stagg,
Editorial Assistant
World Pipelines,
Reuters reports that the Kremlin said on Monday 2 September, 2024, that Russian President Vladimir Putin had arrived for a state visit in Mongolia, which lies on the route of a planned new gas pipeline connecting Russia and China.
Russia has been in talks for years about building the pipeline to carry 50 billion m3 of natural gas a year from its Yamal region to China via Mongolia.
The project, Power of Siberia 2, is part of Russia's strategy to compensate for the loss of most of its gas sales in Europe since the start of the Ukraine war. It is the planned successor to an existing pipeline of the same name which already supplies Russian gas to China and is due to reach its planned capacity of 38 billion m3 per year in 2025.
The new venture has long been bogged down over key issues such as the pricing of the gas. However, Putin said on the eve of his visit that preparatory work, including feasibility and engineering studies, were proceeding as scheduled.
He is due to hold talks with Mongolian President Ukhnaagiin Khurelsukh on Tuesday 3 September, 2024.
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Read the article online at: https://www.worldpipelines.com/project-news/03092024/putin-visits-key-link-in-planned-gas-pipeline/
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