OREANDA-NEWS  Design and survey work on the construction project of the Soyuz Vostok gas pipeline, the Mongolian part of the Power of Siberia-2 gas pipeline to China, is in the final stage and is being carried out in accordance with plans. This is reported in the official Telegram channel of Gazprom.

The progress of the work was reviewed at a meeting of the joint working group of the Government of Mongolia and Gazprom in Ulaanbaatar. The parties discussed the implementation of the memorandum of understanding signed in 2019.

Russia expects to complete the Power of Siberia-2 project by 2030. In particular, President Vladimir Putin said that by this time China will buy 98 billion cubic meters of gas a year from Russia through pipelines.

Currently, deliveries are carried out only through the Power of Siberia gas pipeline, which should reach a maximum capacity of 38 billion cubic meters by 2027. Another contract was signed for the supply of 10 billion cubic meters of gas from Sakhalin, but there are no specifics on it.

As for the "Power of Siberia-2" with an estimated capacity of 50 billion cubic meters per year, negotiations on it have been underway for several years, but no agreements have been signed. In his speech following his visit to Moscow in March this year, Chinese Leader Xi Jinping did not mention the project. This situation allowed experts to assume that Beijing is not too interested in a new gas pipeline or is trying to get the most favorable conditions, and the main impetus comes from Russia, which has lost its position in the European market.