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Russian President Vladimir Putin (L), Chinese President Xi Jinping (2 -R) and Mongolian President Hurlso (not seen) gather for a tripartite meeting in Beijing, China on September 2.
Anadolu | Anadolu | Gets the image
Russia and China on Tuesday signed a legally mandatory transaction to build a long delay in Siberia’s 2 gas pipeline, deepening commercial ties in what will probably be considered as a challenge to the West.
Alexei Miller, Director General of the State Energy Giant of Russia, told the Russian agency that a memorandum of understanding about the construction of a new gas pipeline was signed after the negotiations between the Russian president Vladimir Putin and China Xi jinping In Beijing.
The pipeline, which will be intended for gas transit reserves in Western Siberia in northern China through East Mongolia, will deliver 50 billion cubic meters (BCM) gas per year, Miller said, according to Russia, according to Russia, according to Russia Interfax News Agency.
Siberia 2 supplies under the new Agreement will operate for 30 years.
The price of gas through the new pipeline will be agreed separately, Miller said. Both countries also signed a separate agreement for Gazprom to increase gas supplies to China through the existing power of the Siberia pipeline.
Gazprom press -secretary was not immediately available for comments when CNBC appealed. Beijing has not yet confirmed the announcement of Miller, although the state news agency Xinhua reported that both countries had signed more than 20 cooperation agreements, including energy transactions.
Russian gas exports to Europe have fallen after Moscow a full -scale invasion Ukraine in early 2022. The West imposed punitive economic sanctions on the Kremlin and reduced dependence on Russian energy, seeking to disable Putin’s main source of financing.
For example, the European Union imposed measures to stop the import of Russian gas and oil by the end of 2027, while the United States imposed a ban on the import of Russian fossil fuels in March 2022.
Measures have introduced the fresh relevance of Moscow’s long -standing impetus to build the power of the Siberia 2 gas pipeline. As a result, Russia is trying to overcome Beijing to replace Europe as a major gas client.
New multipolar order
Christopher Granville, the head of the TS Lombard director, said that while the value of the Siberia 2 gas pipeline is “somewhat limited”, it cannot be rejected as “nothing burger”.
“Over the last decade, Gazprom has pushed China to give power for Siberi-2 power, only to meet them, with positive but non-profit noise. Thus, today’s MS signing is a step forward for Gazprom,” Granville CNBC said.
“What happened amid a rich Ukrainian war is a sufficiently obvious signal of China’s stable strategic support for Russia, as a new multipolar order to which both of these basic Eurasian powers of Aspire,” Granvil said.
Russian President Vladimir Putin welcomes President Mongolian VKHNAA HURels for a trilateral meeting with Chinese President Xi Jinping (not in the picture) in the Great Hall of People on September 2, 2025 in Beijing, China.
VCG | Visual China Group | Gets the image
However, this is a long way from the CU to the final investment solution. In the mid-2000s, an equivalent agreement in the style of the Ministry of Internal Affairs on the original power of the Siberian pipeline was reached in the mid-2000s, noting that by 2014 the agreement on final prices was not agreed.
Russia and China sought to demonstrate new global security and economic order in the annual Cooperation Organization in Shanghai (SCO) Summit.
In a thinly veiled finger on the US president Donald TrumpChina’s administration in China said that in its opening speech on Monday, the world entered the “new turbulence phase” with global control at the “new crossroads”.
“Trump is always chickens”
Timothy Ash, an employee of the Russian and Eurasia program at the Chatem House, said China is “very difficult” to get the Siberia 2 gas pipeline.
This is partly due to Russia’s urgency to sign the agreement, given the loss of more than 120 ml. Cm. Biden Administration, going out in support of Putin.
US President Donald Trump in White House office on August 26, 2025 in Washington, Colombia County
Chip Somodevilla | Gets the image
“But now I think the Chinese probably got a better deal in terms of pricing, and may now be more willing to finance the construction,” said ESH by e -mail CNBC.
“I think Taco came up with, and only having taken a strong and tough stance against the US, whether the US has retreated,” Ash said. A Abbreviation Named “Trump is always chickens”, the term for describing the nature of the president’s tariff policy.
“I think the SCO was presented in the US that the world south would not back down in response to the US pressure,” he added.
