Power of Siberia 2 Negotiations Halt Amid Price Dispute
Negotiations for the Power of Siberia 2 pipeline have stalled again as a sharp pricing gap emerges between Beijing's demand for domestic-rate pricing and Moscow's insistence on higher export benchmarks. While Russian officials continue to claim the project is near completion, the omission of the pipeline from recent summit communiqués and historical delays suggest the deal remains far from finalized.
According to sources cited by GN auto stocks/utilities: gas pipeline, Beijing is demanding prices aligned with Russian domestic rates of $50–$130 per 1,000 cubic meters, while Moscow insists on anchoring the deal to the existing $250–$260 benchmark. The report also notes that despite Energy Minister Tsivilev claiming the project is in its final construction stage, the pipeline was conspicuously absent from the official communiqué following the Bishkek summit.
Source: GN auto stocks/utilities: gas pipelineTalks between Moscow and Beijing have stalled as a significant gap persists in expected gas pricing, halting progress on the new Far East route.
Source: GN auto stocks/utilities: gas pipeline
