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The building of Russia's new Power of Siberia-2 gas pipeline to China, which was supposed to begin this year, may be postponed, according to Mongolia's prime minister, L. Oyun-Erdene.
Russian talks have focused on constructing a new pipeline transporting 50 billion cubic metres of gas annually from northern Russia to China through Mongolia. This amount of gas is nearly equal to that of the Nord Stream 1 pipeline, which was dormant and damaged in 2022.
China and Russia have yet to reach an agreement on crucial features of the massive project, he said, adding that record world petrol prices over the last two years have hindered negotiations.
Gazprom, which will operate Power of Siberia-2, has said it aims to start delivering gas by 2030. However, agreement on key issues, including pricing, remains elusive.
Russia is ramping up supplies to China to compensate for the loss of much of its gas sales in Europe since its invasion of Ukraine nearly two years ago, which prompted Western states to slap sanctions on Moscow and trim reliance on Russian energy.
Russian Deputy Prime Minister Viktoria Abramchenko told state news agency TASS last year that building the Mongolian part of the Russian gas link to China may start in the first quarter or first half of 2024.
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