China-Russia 'Power of Siberia 2' Gas Pipeline Talks Stall Over Pricing Disputes

In September 2026, multiple authoritative financial and diplomatic media outlets revealed that major strategic negotiations between China and Russia regarding the cross-border natural gas trunk pipeline 'Power of Siberia 2' have fallen into a severe stalemate due to disagreements over key commercial pricing and procurement volumes. Despite Moscow's eagerness to expand its eastern energy exports after facing obstacles in the European market, Beijing, leveraging its advantage of diversified energy security, insists on purchasing at a price close to Russia's extremely low domestic subsidy price. The expected divergence in pricing is several times, causing the substantive agreement to be indefinitely delayed.