Gazprom chases China gas expansion
Now the Power of Siberia is operational, the Russian major is exploring additional pipeline options
Gazprom is pushing ahead with plans to ramp up its gas exports to China, seemingly undeterred by the market chaos created by the Covid-19 pandemic and a near one-fifth slump in its profits. The Russian gas giant began pumping gas to China in December, after launching its 38bn m³/yr Power of Siberia (PoS) pipeline. Work continues at the Chayandinskoye field, where PoS sources its gas, in order to raise its production to a plateau rate of 25bn m³/yr, Gazprom reported in mid-April. The company expects to reach this target in 2022-23. Chayandinskoye was placed under quarantine on April 17, according to local authorities. While Gazprom says production is unaffected by the lockdown, it has decline
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
