If Power of Siberia 2 proceeds in the 2030s, more Russian pipeline gas could structurally trim China’s incremental LNG needs and strengthen Chinese buyers’ leverage in term negotiations—yet unresolved commercial terms mean LNG retains a key role in China’s diversification strategy for now. IEEJ outlines Gazprom–CNPC’s Sept 2025 “legally binding memorandum” for Power of Siberia-2 (50 bcm/yr via Mongolia) and […]
