Mongolia Remains Hopeful for Power of Siberia 2 Pipeline Amid Geopolitical Tensions
Mongolia is confident that the Power of Siberia 2 gas pipeline project will proceed despite geopolitical challenges. The pipeline aims to supply China with 50 billion cubic meters of Russian gas annually, redirecting supplies from Europe. Although not featured in Mongolia’s recent work program, negotiations are ongoing, with officials emphasizing the need for collaborative decision-making.
Mongolia maintains optimism regarding the Power of Siberia 2 project, a substantial gas pipeline intended to link Russia and China, despite ongoing geopolitical challenges that may influence international relations among Beijing, Moscow, and Washington. The project, upon completion, is expected to redirect 50 billion cubic meters (approximately 1.8 trillion cubic feet) of Russian gas annually from Europe to China through Mongolia.
Although the Power of Siberia 2 project was not included in Mongolia’s 2024-2028 work program, and little recent information has emerged from Chinese and Russian officials, negotiations continue. Gantumur Luvsannyam, Mongolia’s first deputy prime minister and minister of economy, confirmed that discussions surrounding the pipeline are advancing.
He articulated, “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].” This statement underscores the complexity of the negotiations, highlighting the need for cooperation among the involved parties to move forward with the project.
In summary, Mongolia remains hopeful about the progress of the Power of Siberia 2 gas pipeline amidst a dynamic geopolitical landscape. While it is currently absent from the governmental work program, ongoing negotiations are indicative of continued commitment from Mongolian officials. The completion of this pipeline stands to significantly alter the energy supply dynamics between Russia and China and hold substantial implications for regional cooperation.
Original Source: www.scmp.com
