WATCH: Gazprom PJSCsaid it signed a legally binding agreement to build the Power of Siberia 2 gas pipeline to China via Mongolia. Stephen Stapczynski reports.
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Russia and China have signed their biggest gas pipeline deal yet, defying Western sanctions and reshaping global energy dynamics. Gazprom confirmed a legally binding agreement to build the long-anticipated Power of Siberia 2 pipeline, which will supply 50 bcm of gas annually from Russia’s Yamal fields to China via Mongolia. For Putin, this is a major win after Europe cut dependence on Russian gas following the Ukraine invasion. While pricing remains unsettled, the deal signals Moscow’s pivot to
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