Kremlin Says No Concrete Agreement Exists Yet for Power of Siberia 2 Gas Pipeline

The Kremlin announced that no concrete agreement has been reached for the Power of Siberia 2 gas pipeline project, stating that a clear timeline and other crucial details remain unresolved. The Power of Siberia 2 is a proposed natural gas pipeline that would run from Russia through Mongolia to China, representing a major energy infrastructure project that would further strengthen Russia-China energy ties. The admission comes as Russia seeks to diversify its energy exports away from European markets following sanctions imposed over its invasion of Ukraine, making Asian markets increasingly important for Russian energy revenues.