Sou Hu Cai Jing·2025-09-03 10:36Group 1 - The core agreement between Russia and China involves the approval of the "Power of Siberia-2" pipeline project and the "Eastern Route" transit line through Mongolia, with a strategic cooperation memorandum signed for the supply of 50 billion cubic meters of gas annually for the next 30 years [2][3] - The total scale of gas trade between the two countries will increase to 106 billion cubic meters per year, with expected annual revenue exceeding $27 billion for Russia [2][4] - The new pipeline is projected to be the largest and most significant investment project in the global gas industry, with a total investment of approximately $15 billion [6][4] Group 2 - The "Power of Siberia-2" pipeline will connect gas fields in Yamal and Western Siberia to China, with a design capacity of 50 billion cubic meters per year, and is expected to start supplying gas around 2031-2032 [6][8] - The existing "Power of Siberia" pipeline's export capacity will be increased from 38 billion to 44 billion cubic meters per year, while the "Far East Route" will rise from 10 billion to 12 billion cubic meters per year, starting in January 2027 [4][8] - The projects will enhance energy security for China, reduce reliance on LNG imports from the US and Australia, and provide Russia with stable sales in the growing Asian market, while also fostering domestic industrial development [11]