On Thursday local time, Russian Vice Prime Minister Novak said that it is reported that the Sino-Russian natural gas pipeline project "Siberian Power-2", which will be started in 2024, may replace the currently suspended "North Stream-2" pipeline.

( Observer Network )

On Thursday (15th), Russian Vice Prime Minister Alexander Novak said that it is reported that the Sino-Russian natural gas pipeline project "Siberian Power-2", which will be started in 2024, may replace the currently suspended " Nord Stream-2" pipeline.

"Siberian Power-2" is the second large-scale pipeline project agreement to send natural gas from Siberian to China. Some foreign media have regarded it as an important signal for Russia to "turn natural gas to" China. It is a large-diameter pipeline starting from Yamal Peninsula and passing through Mongolian . The designed annual gas transmission volume can reach about 50 billion cubic meters, slightly lower than the 55 billion cubic meters of "Beixi-2".

According to Tass , Novak made the above statement in an interview with Russia-1 Channel (Rossiya 1) that day. When asked by reporters whether "Siberian Power-2" may replace "North Stream-2", Novak replied: "Well, in fact, yes."

Screenshot of TASS report

Early, the Russian vice prime minister in charge of energy also told reporters that Russia is expected to reach a final agreement with China on the "Siberian Power-2" pipeline in the "north of the future". He said that the consumption of liquefied natural gas (LNG) and pipeline natural gas between China and Russia is increasing.

"We are increasing the transmission through the 'Siberian Force', and this year we expect to produce about 20 billion cubic meters of natural gas. An agreement has been reached to establish a new route from Vladivostok to northern China, which is also 10 billion cubic meters of natural gas." The latter refers to the 30-year Far East gas supply and marketing contract signed by China and Russia in February this year.

Novak added that in terms of liquefied natural gas (LNG), there are Yamal liquefied natural gas (LNG) projects and the Arctic LNG-2 projects that will be put into operation in the future. He stressed: "Of course, this market is very important to us."

He further stated that it is necessary for China and Russia to develop joint projects in natural gas chemistry and oil and gas chemistry. "We have good projects here, including the Amur Natural Gas Chemical Park and other new projects. I hope our Chinese partners will participate because it is in the interests of both parties."

In May 2014, CNPC and Gas Corporation signed the " China-Russia East Line Gas Supply Purchase and Sales Contract ". The gas source on the eastern line of China-Russia comes from the Kovickkin, Chayangjin and other gas fields in the Far East of , of the Russian Far East. Through the "Siberian Force" pipeline in Russia, the first phase is 5 billion cubic meters of gas supply per year, and finally reaches 38 billion cubic meters of gas supply per year. On December 2, 2019, China-Russia East Line natural gas pipeline was officially put into production and ventilation, and the gas transmission volume increased year by year.

According to Russian Satellite News, Oleg Akk, vice chairman of the board of directors of Gazprom, revealed at the plenary meeting of the St. Petersburg International Natural Gas Forum on September 1, the natural gas transmission volume to China frequently exceeded the contract volume, and on September 10, it also set a new daily export volume record.

In July this year, Mongolian Prime Minister Oyunerden revealed in an interview with the Financial Times that Russia will start building the "Siberian Power-2" natural gas pipeline project that passes through Mongolia and leads to China within two years, and said that the project has completed feasibility study.

According to the official website of the Chinese Ministry of Foreign Affairs, on the afternoon of September 15, 2022 local time, President Xi Jinping held the sixth meeting of the heads of state of China, Russia and Mongolia at the State Guesthouse in Samarkand. The three parties confirmed that the "Outline of the Planning for the Construction of the China-Mongolia-Russia Economic Corridor" was postponed for five years, and the feasibility study on the upgrading and development of the China-Mongolia-Russia Economic Corridor Central Line Railway was officially launched, and the feasibility study was agreed to actively promote the China-Russia natural gas pipeline transit Mongolia.

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