Finance

Putin and XI to talk energy, discuss Power of Siberia 2 gas pipeline

Published by Global Banking & Finance Review

Posted on May 6, 2025

2 min read

· Last updated: January 24, 2026

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Putin and XI to talk energy, discuss Power of Siberia 2 gas pipeline
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Putin and Xi to Discuss Energy and Power of Siberia 2 Pipeline

MOSCOW (Reuters) -Russia's Vladimir Putin and China's Xi Jinping will discuss the "most sensitive" issues, including energy cooperation and a proposed Power of Siberia 2 gas pipeline to China, Kremlin aide Yuri Ushakov said on Tuesday.

Xi will start an official four-day visit to Moscow on Wednesday and will be among a number of the global leaders, invited in the Russian capital to celebrate the 80th anniversary of the defeat of Nazi Germany.

Ushakov told reporters that Russia was the largest oil and gas supplier to China, and gave an affirmative answer to a question if the Power of Siberia 2 pipeline will be discussed.

Russia proposed the pipeline via Mongolia years ago but the plan has gained urgency as Moscow looks to Beijing to replace Europe as its major gas customer.

However, China is not expected to need additional gas supply until after 2030, experts say. One of the key issues yet to be agreed to start the construction of the pipeline is the price of natural gas.

The 2,600-km pipeline could carry 50 billion cubic metres (bcm) of gas a year, slightly less than the now defunct Nord Stream 1 pipeline linking Russia to Germany under the Baltic Sea.

(Reporting by Vladimir Soldatkin; editing by Guy Faulconbridge)

Key Takeaways

  • Putin and Xi to discuss energy cooperation in Moscow.
  • Power of Siberia 2 pipeline is a key topic.
  • Russia aims to replace Europe with China as a major gas customer.
  • China's additional gas needs are expected post-2030.
  • Pipeline pricing remains a major negotiation point.

Frequently Asked Questions

What is the main topic?
The main topic is the discussion between Putin and Xi about energy cooperation, focusing on the Power of Siberia 2 gas pipeline.
Why is the Power of Siberia 2 pipeline important?
The pipeline is crucial for Russia as it seeks to replace Europe with China as its major gas customer.
When will China need additional gas supply?
Experts suggest that China will not need additional gas supply until after 2030.

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