Russia expects to reach agreement with China on Power of Siberia 2 as soon as possible
Russia’s Deputy Prime Minister Alexander Novak said that "as for the gas pipeline itself, it runs through the territory of Mongolia, and a feasibility study has already been done there, survey work is underway"
MOSCOW, December 17. /TASS/. Gazprom and CNPC are negotiating the terms of gas supplies via the Power of Siberia - 2 gas pipeline, the parties may reach an agreement in the near future, Russia’s Deputy Prime Minister Alexander Novak told reporters.
"As for the gas pipeline, commercial negotiations are underway between Gazprom and CNPC on the terms of the contract and supplies. As for the gas pipeline itself, it runs through the territory of Mongolia, and a feasibility study has already been done there, survey work is underway. We expect that the companies will come to an agreement in the near future," he said.
Power of Siberia - 2 is a planned gas pipeline that will go through the territory of Western Siberia to China. Its maximum capacity will reach 50 bln cubic meters per year.