Russia may accelerate the construction of the Power of Siberia-2 gas pipeline

Russia is considering the possibility of accelerating the construction of the Far East route, as well as the Power of Siberia-2 gas pipeline. About it declared Russian President Vladimir Putin at a meeting on the implementation of the Murmansk LNG project.

The President noted the demand for the strategic oil and gas pipelines Power of Siberia, Eastern Siberia-Pacific Ocean (ESPO), Turkish Stream.

“Given the good prospects for expanding cooperation with friendly countries, we are considering the possibility of speeding up the construction of the Far Eastern route, as well as the Power of Siberia-2 gas pipeline,” Putin said.

The head of state added that a gas hub project in Turkey is also being worked out.

Putin emphasized that the main task of the fuel and energy complex (FEC) is to “provide precisely our country’s own needs,” including the continuation of the gasification program, maintaining a balance between the profitability of production, processing, retail trade and the availability of products and services, as well as preventing price hikes .

In the field of oil and gas production and processing, Putin called the Vostok Oil, Yamal LNG, Arctic LNG-2 projects, the Amur gas processing plant and the gas chemical complex, and Sakhalin projects to be the backbone for the further development of the fuel and energy complex.

On September 4, during a meeting with Turkish leader Recep Tayyip Erdogan, Putin said that Russia is a responsible gas supplier.

According to the president, Russia is ready to export gas through Turkey to consumers in third countries that have interested partners. For this, it was proposed to create a gas hub in Turkey.

June 13 Putin signed the law on ratification of the intergovernmental agreement with China on cooperation in the field of natural gas supplies from Russia to China via the Far East route.

On January 31, 2023, Russia and China signed an intergovernmental agreement on gas supplies via the Far East route. includes GIS and launch station). Gazprom is responsible for the design, construction and operation of the site in Russia, and CNPC in China.

In addition, in February 2022, Gazprom entered into a second long-term gas purchase and sale agreement with China. Thus, gas supplies to China via the Far East route will amount to 10 billion cubic meters. m per year. Also, Gazprom is negotiating the supply of 50 billion cubic meters. m of gas to China through Mongolia, the design of the gas pipeline is already underway.

Earlier, Gazprom said that Russia could become the largest supplier of gas to China in the near future. In 2022, Russia delivered a record 15.5 billion cubic meters to China via the Power of Siberia gas pipeline. m of gas. It is expected that by 2024 the volume of exports through the gas pipeline should grow to 38 billion cubic meters. m per year, and taking into account the Far Eastern route and gas supplies to China through Mongolia – up to almost 100 billion cubic meters. m per year.