Putin-Xi talks revive stalled Russian gas pipeline as Iran war rattles energy markets
Russian President Vladimir Putin met with Chinese leader Xi Jinping in Beijing to discuss the Power of Siberia 2 natural gas pipeline amid disruptions in energy supplies due to the Iran war. The pipeline aims to transport 50 billion cubic meters of gas annually from Russia to China, but unresolved pricing and financing terms have stalled progress. China has significantly increased its imports of Russian energy, highlighting the importance of this project for both nations.
- ▪Putin's meeting with Xi focused on the Power of Siberia 2 pipeline.
- ▪The pipeline is planned to transport 50 billion cubic meters of gas annually from Russia to China.
- ▪Pricing and financing terms for the pipeline remain unresolved, causing delays.
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| Original publisher | US Top News and Analysis |
| Canonical URL | https://www.cnbc.com/2026/05/20/putin-xi-gas-pipeline-power-of-siberia-iran-war-.html |
| Publication time | Wed, 20 May 2026 05:23:06 GMT |
| Retrieval time | 2026-05-20T04:24:59.637Z |
| Last seen | 2026-05-20T05:53:01.165Z |
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Opening excerpt (first ~120 words) tap to expand
Russian President Vladimir Putin on Wednesday arrived in Beijing to meet Chinese leader Xi Jinping on Wednesday, with the long-stalled Power of Siberia 2 natural gas pipeline key to the agenda, as the Iran war disrupts energy supplies.Kremlin foreign policy aide Yuri Ushakov said Tuesday that the project "will be discussed in great detail between the leaders." The planned 2,600-kilometer pipeline would carry 50 billion cubic meters of gas annually from Russia's Yamal fields to China via Mongolia. Moscow and Beijing signed a legally binding memorandum to advance construction in September 2025, but pricing, financing terms, and a delivery timeline reportedly remain unresolved.Price and other terms have stalled talks on the project.
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