Power of Siberia 2: Another Russia-China Pipeline (CRS Report for Congress)
| Release Date |
Aug. 28, 2024 |
| Report Number |
IF12748 |
| Report Type |
In Focus |
| Authors |
Michael Ratner |
| Source Agency |
Congressional Research Service |
Summary:
After suspending natural gas exports to certain European
Union (EU) countries in April 2022, Russia has expedited
negotiations with China for a new natural gas pipeline
named the Power of Siberia 2 (PS-2). Russia’s leaders seek
to replace exports lost since Russia launched a full-scale
invasion of Ukraine in 2022. Moscow reportedly sought to
begin construction of the pipeline in 2024, with the aim of
starting gas deliveries in 2030. However, news reports
suggest China National Petroleum Corporation (CNPC), a
state-owned entity, may be reluctant to sign a deal until it
can secure an “attractive” price for PS-2 gas. Congress may
consider how a new major gas pipeline between Russia and
China could affect U.S. foreign policy and security, as well
as the United States’ role as an international energy
supplier.
