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Power of Siberia 2: Another Russia-China Pipeline (CRS Report for Congress)

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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.