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Power of Siberia 2: deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
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Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Middle East Gas Conference 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
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Work on Power of Siberia 1 in 2020
Russia Gas
Seth Haskell
5 May 2023
Follow @PetroleumEcon
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Russia struggles to reroute gas exports

Distance and politics mean there are no easy solutions to Moscow’s pipeline problems

Russia has largely been able to maintain its oil exports despite de jure and de facto restrictions on destination, mode of transit and price. But it does not have the same luxury of flexibility when it comes to gas. Time, distance, cost and politics are all against it finding a solution to its gas export problem. Russia sent 167bn m³ of gas to Europe in 2021 but only c.60bn m³ in 2022, a volume that could fall further still. If Russia wants to find new markets for this gas to the east, it will need to access or build infrastructure to move stranded production out of Western Siberia. Power of Siberia 2, Russia’s long-in-development pipeline designed to send additional gas to China, has taken

Also in this section
India’s Nayara fallout
29 July 2025
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
Power of Siberia 2: deal or no deal?
29 July 2025
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
An end to EU green illusions
29 July 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance.
Iraq’s tangled Ceyhan oil web
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain

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