Gazprom Signs Major Gas Supply Deal with China Amid Putin Visit

Russian President Vladimir Putin's visit to China marked the signing of a major energy agreement between Russia's Gazprom and China National Petroleum Corporation to increase natural gas supplies to China. The deal expands deliveries through the existing Power of Siberia pipeline from 38 to 44 billion cubic meters annually and raises capacity on the Far Eastern Route from 10 to 12 billion cubic meters. Additionally, a legally binding memorandum was signed to construct the Power of Siberia 2 pipeline and the Soyuz Vostok transit pipeline through Mongolia, which will supply 50 billion cubic meters annually to northern China. This strategic cooperation reflects deepening bilateral ties amid ongoing geopolitical shifts and aims to offset Russia's reduced gas exports to Europe. Putin emphasized the strong historical and current alignment between Russia and China, highlighting their united stance amid global pressures. The agreement aligns with China's growing demand for cleaner energy alternatives and solidifies Gazprom's role in the Asian energy market.