Mongolia expects the Power of Siberia 2 gas pipeline to proceed despite geopolitical tensions. The project aims to transport 50 billion cubic meters of Russian gas to China. While it was omitted from Mongolia’s recent work program, negotiations continue to advance according to government officials.
Mongolia continues to anticipate the progression of the Power of Siberia 2 project, linking Russia and China through a significant gas pipeline. This expectation remains despite current geopolitical challenges that may alter the dynamics among Beijing, Moscow, and Washington. The pipeline aims to channel 50 billion cubic meters of Russian natural gas annually to China, previously destined for Europe.
Although the Power of Siberia 2 initiative was excluded from Mongolia’s 2024-28 work program, and there have been limited updates from Russian and Chinese authorities, the dialogues surrounding the project persist. Gantumur Luvsannyam, Mongolia’s first deputy prime minister and minister of economy, confirmed that negotiations are advancing. He explained, “The reason why it’s not included in the action programme of the government of Mongolia is because it is an issue that cannot be decided one-sidedly by [the Mongolian cabinet].”
In summary, Mongolia remains hopeful regarding the Power of Siberia 2 gas pipeline project, which would significantly alter gas supply routes from Russia to China. Despite the geopolitical landscape and the project’s omission from the national work program, Mongolia’s leadership assures that negotiations are ongoing and making headway. This development reflects Mongolia’s strategic interests in regional energy dynamics.
Original Source: www.scmp.com
