Power of Siberia 2 · Full chronicle and history

According to @clashreport, driven by global trade disruptions and rising freight rates, Russia has shipped approximately 20 million barrels of oil through Arctic waters to Asia since July, with exports up nearly 50% year-on-year and already exceeding the total for the previous quarter.

According to X user @__Inty__, on October 19, 2026, Ukrainian President Zelensky stated that Russia launched its latest round of attacks against Ukraine, hitting 28 substations and other key energy facilities across the country, with emergency repair work currently underway.

Polish Prime Minister Donald Tusk said after a phone call with Ukrainian President Volodymyr Zelensky that Ukraine is currently facing a severe energy crisis. Tusk noted that, with electricity supplies almost cut off and serious problems with natural gas supplies, Ukraine has effectively entered the “dead of winter” early as nighttime temperatures drop, severely affecting people’s lives.

Putin's envoy Kirill Dmitriev publicly stated on October 17, 2026 that the Graham Act would undoubtedly damage joint Russian-American projects and weaken the role that Russia and the United States play in the recovery of global and energy markets.

President Trump said on Wednesday that Taiwan has committed to purchasing $70 to $80 billion worth of Alaska liquefied natural gas over the next 20 years and to making a $4.4 billion equity investment in the project.

The Russian Ministry of Defense said Ukraine attacked an oil refinery in Ryazan with drones and missiles, causing a fire;此前 Zelensky had announced the end of the ceasefire targeting energy facilities.

Alice Weidel, leader of the Alternative for Germany (AfD), publicly stated that the party advocates resuming imports of diesel, natural gas, and oil from Russia. Weidel said the move is intended to ease energy prices for German consumers and businesses in response to the current pressure on energy supplies.

Maximilian Krah, a member of Germany's Alternative for Germany (AfD), said in an interview with Clash Report that Germany and Russia have a long history of energy cooperation, with natural gas trade beginning as far back as 1972 during the Soviet era, and that the Soviet Union always honored its contracts. Krah argued that even during the Cold War, Russia performed well as an energy partner, making it hard to view it as a bad choice.

U.S. President Donald Trump said that Taiwan has agreed to purchase 30% of the natural gas transported through the Alaska pipeline project over the next 20 years and to invest $4.4 billion.

According to Radio France Internationale (RFI), U.S. presidential candidate Trump announced at a campaign rally that Taiwan has agreed to purchase 30% of Alaska's natural gas and invest $4.4 billion in the region.

On October 1, Reuters cited four sources reporting that Chinese oil refiners have suspended refined oil exports to regions outside Hong Kong and Macau in October to prioritize domestic inventory. PetroChina has canceled some October export shipments, and Zhejiang Petrochemical has not scheduled any refined oil exports during the week of the National Day holiday, with uncertainty remaining over whether they will resume after the holiday.

The Senate rejected a ratepayer protection bill that would have required data centers to pay for new substations and transmission lines connecting to the grid, a measure that had previously sparked controversy among Democratic lawmakers over the stringency of its restrictions.

Reuters reported on September 24, citing data from GL Consulting, that China's commercial gasoline and diesel inventories have fallen to their lowest levels since 2011 and 2015, respectively; Kpler estimates that diesel inventories are about 20 million barrels below pre-war levels, and gasoline is about 9 million barrels lower.

According to a September 15, 2026 program of the Lude Society, the Siberia-2 natural gas pipeline has been renamed "Power of Baikal."

US LNG exporter Venture Global has signed a new purchase and sale agreement with China Gas Holdings Limited. Under the agreement, China Gas will purchase 500,000 tons of LNG annually for a term of 20 years, bringing its total contracted off-take volume to 2.5 million tons per year.

US liquefied natural gas exporter Venture Global announced an agreement with China Gas, under which China Gas will purchase 500,000 tonnes of LNG per year starting in 2030 for a period of 20 years, bringing the two sides' total long-term purchases to 2.5 million tonnes per year. The agreement was reached on the eve of the US-China leaders' summit.

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.

On September 10, Putin held talks with Vietnamese President To Lam, signed 17 documents and adopted a joint statement, determining the priority directions for deepening the Russia-Vietnam partnership, including accelerating the supply of Russian oil and liquefied natural gas, promoting maritime and railway transport, jointly developing energy, and strengthening information exchanges to counter the intentions of "unfriendly countries."

Qatar's prime minister met Chinese Foreign Minister Wang Yi in Beijing and stated that it will overcome difficulties to prioritize securing China's energy supply. Program analysis believes this reflects the difficulties the Chinese Communist Party faces in energy supply, rather than obstacles for Qatar in oil exports. Qatar's move is seen as a statement that is more 'useful' than Egypt's in times of crisis.

On September 2, Russia announced that Putin had renamed the Power of Siberia 2 natural gas pipeline project “Power of Baikal,” and said the project was close to the construction stage; just a week later, reports emerged that negotiations had stalled over price disagreements.

The U.S. Central Command said that in the past few months it has helped more than 2,000 merchant vessels pass through the Strait of Hormuz and has prevented Iran from exporting oil. As of September 20, it has rerouted 109 merchant vessels to ensure compliance with the blockade order.

According to reports from CREA and PACS, China has cancelled 61.5 gigawatts of planned overseas coal power capacity, an action estimated to avoid approximately 6.4 billion tons of lifetime carbon dioxide emissions.

U.S. President Trump signed an executive order declaring that high-capacity power system equipment supplied by foreign countries poses a national emergency threat, authorizing the Department of Energy to ban or restrict relevant high-risk foreign equipment.

A fire broke out at a gas chemical complex under construction at a joint venture with China's Sinopec in Russia's Far East, killing 6 Chinese citizens, leaving 9 Chinese workers missing, and injuring about 150 people.

At a press conference, Trump stated that he has mandated AI companies to build their own power plants because the country does not have enough electricity to support their computing needs. He believes the U.S. is in a leading position in the field of AI.

Lan Haiping, General Manager of Guizhou Energy Group, has fallen and is under investigation, involving multiple large photovoltaic projects and tens of billions of yuan in capital flows.

The State Administration for Market Regulation summoned the photovoltaic industry association and six leading companies for talks over industry collusion to raise prices, ordering a halt to self-imposed production and price limits, which caused polysilicon futures to hit the limit down.

In June 2004, the feasibility report for the Qingdao mega refinery project was approved by the State Council. The project was the first refinery in China approved with a single-phase construction capacity of 10 million tons; Li Wei used this to develop related real estate business in Qingdao.