Russian Deputy Prime Minister Alexander Novak confirmed that negotiations between China and Russia on the gas pipeline are actively underway.
As Russia's Deputy Prime Minister in charge of energy, he is one of the main negotiators of the Russian side of the Sino-Russian cross-border gas pipeline "Power of Siberia 2". In an interview, Novak revealed the news, on the one hand, in response to Mongolia's concerns, and on the other hand, to clarify unnecessary concerns about the project.
Mongolian Prime Minister Oyun Erden recently said that the construction of the "Power of Siberia 2" pipeline may be delayed, suggesting that China and Russia have not yet agreed on key details, and the drastic changes in international energy ** have further complicated the negotiations. Among them, natural gas** has become one of the key details, especially for Mongolia, as a transit country, whether it can obtain transit fees has become the focus of their attention.
The confirmation of the active conduct of negotiations by the Russian side can be seen as a response to Mongolia and a "reassurance" for them. It is also a response to the excessive hype of the West, to avoid misleading the audience. Although Novak confirmed that China and Russia are actively negotiating, it also corroborated the Mongolian Prime Minister's revelation that the project, which was originally scheduled to start this year, may be delayed.
It should be noted that the Chinese side did not set a specific start time, and mentioned in the meeting between the Chinese and Russian heads of state that it "hopes that the China-Mongolia-Russia gas pipeline project will make substantial progress as soon as possible". In contrast, the Russian side has said that it is "striving to reach an agreement with the Chinese side by the end of 2023" and hopes to achieve pipeline ventilation by 2030.
Considering the large scale of the "Power of Siberia 2" and the expected transit through Mongolia, as well as the respective interests of China, Russia and Mongolia, the negotiations are likely to continue for some time.
Mongolia is the most anxious party, Russia wants to sign a big deal as soon as possible, while China keeps a low profile. China, Russia and Mongolia need to reach a satisfactory outcome in the negotiations to ensure the smooth progress of the project.
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