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https://x.com/Gerashchenko_en/status/1963949665587446189

Russian Energy Minister Sergey Tsivilev (husband of Putin's cousin Anna Tsivileva) clarified the situation regarding the Power of Siberia-2 gas pipeline at the Eastern Economic Forum, which was supposedly the main outcome of Putin's visit to China.

According to Tsivilev, the "legally binding memorandum" mentioned by the head of Gazprom only covers the pipeline route and the volume of gas to be supplied. The financing of the project, however, will be discussed only next year.

China has remained silent regarding this project. The lack of specifics led to Gazprom's shares falling on the Russian stock exchange.

However, Russians have already signed an agreement to increase gas flows via the existing Power of Siberia-1 pipeline - from 38 to 44 billion cubic meters per year.

This news was surprising, as the combined production capacity of the two fields feeding Power of Siberia-1 currently stands at only 42 billion cubic meters per year.

Of this, 38 billion go to exports, while the rest supplies energy to Far East, Irkutsk region, and Yakutia.

Economists had assumed that Gazprom would need to purchase gas from other companies - Rosneft, Surgutneftegaz, and INK.

However, at the Eastern Economic Forum in Vladivostok, Putin stated that the region faces a gas deficit and ordered the start of a transition to coal as a new energy source.
>part 1