Power of Siberia Pipeline Project

The Power of Siberia Pipeline Project was built under a thirty-year, roughly 400-billion-dollar supply agreement signed by Russia's Gazprom and China's CNPC in 2014, intended to carry natural gas from fields in eastern Siberia to northeastern China. Construction proceeded from 2014 to 2019, and the pipeline began commercial deliveries in December 2019, with contracted volumes ramping up toward full capacity over the following years. The project became commercially and strategically more significant for Russia after 2022, as European sanctions and the loss of the Nord Stream pipelines sharply reduced Russian gas exports to Europe, making China an increasingly central gas customer.