All discussion about the Power of Siberia‑2 now revolves around finalising the details, according to RTVI expert Ekaterina Zaklyazminskaia. said she is confident that China and Russia will still bring the gas pipeline to life, describing the current stage as a matter of ironing out the last points. The project, included in the 15th five‑year plan, is already considered likely to reach its conclusion, she noted.
The Wall Street Journal earlier reported that Beijing’s condition for the project is that Russia must supply gas at domestic market prices. According to the newspaper, Chinese officials made this clear to Gazprom CEO Aleksey Miller before President Vladimir Putin’s visit to Beijing in May. The price issue has become the main obstacle that both sides are now trying to resolve.
Zaklyazminskaia emphasised that the deal is equally important for Moscow and Beijing, noting that each side sees it as a strategic priority. She pointed out that China’s negotiation style is not based on force but on raising stakes to reach a mutually acceptable consensus, a tactic she compared to that of the United States. In her view, this approach helps bring the project to a successful finish rather than a deadlock.
Industry analysts say the pipeline’s future will depend on whether the two governments can bridge the price gap. Some observers believe that the long‑term strategic benefits will outweigh short‑term disagreements, while others warn that the talks could still falter if the conditions remain unmet. The outcome will likely shape energy dynamics in the region for years to come.
By experts say the project’s implementation will have significant economic and geopolitical consequences, influencing energy security and regional cooperation. Understanding the nuances of the negotiations can help businesses and policymakers anticipate market shifts and plan accordingly.
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