China holds back to sign Power-of-Siberia-2 deal, aims for better price

Friday, 31 March 2023

Though “practically all parameters” for Power-of-Siberia 2 – a new 50 bcm/year gas interconnector to China – are agreed, the Russian President Putin claims, no deal has been signed as China seems to bargain for a better price. Gazprom wants to supply up to 98 bcm of gas by 2030, but analyst doubt China will need all that much. 

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