Russia to Supply 50 Billion Cubic Meters of Gas to China by 2026

Russia plans to supply 50 billion cubic meters (bcm) of natural gas annually to China by 2026, a move signaling a major expansion of energy cooperation between the two countries, Deputy Prime Minister Alexander Novak said on Thursday.

Expanding Energy Partnership

The targeted supply volume will be achieved through the Power of Siberia pipeline and an additional route transiting Kazakhstan, Novak specified. This development underscores Russia's strategic pivot toward Asian energy markets and its efforts to secure long-term contracts for its vast gas reserves.

For investors, this reinforces the trend of strengthening Sino-Russian economic ties, particularly in the critical energy sector. The agreement provides a stable, long-term revenue stream for Russian energy producers and enhances energy security for China, one of the world's largest energy consumers.

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New Pipeline Project Advances

Novak also confirmed that discussions are ongoing between Russia's state-owned Gazprom and the China National Petroleum Corporation (CNPC) for a second major gas pipeline. The project, previously known as Power of Siberia-2, has been renamed to Power of Baikal.

An intergovernmental commission is scheduled to discuss the new pipeline project on Friday, Novak added. The successful negotiation of this second pipeline would significantly increase Russia's gas export capacity to China, further cementing its role as a key energy supplier to the region.