Russian gas pipeline "Power of Siberia 2" put on pause: what happened
Date: 2024-08-20 Author: Кирило Загоруйко Categories: ECONOMY
The gas pipeline project "Power of Siberia 2", which is supposed to supply Russian gas to China, has been temporarily suspended. Mongolia, through whose territory the pipeline is supposed to pass, did not include it in the national development plan until 2028.
"We are entering a long pause, because Moscow no longer believes that it can conclude the desired deal with Beijing and will probably postpone the project until better times," the South China Morning Post quotes former member of the Mongolian Security Council Munkhnar Bayarlhavgi as saying.
At the same time, Li Lifan, an expert on Russia and Central Asia from the Shanghai Academy of Social Sciences, noted that everything comes down to money.
"Mongolia hopes to receive investments from China and Russia, but Russia has no money, and China is in no hurry to build the pipeline," the expert noted.
