ADVERTISEMENT
LIVE DESK·Global markets desk·Last updated 14s ago
ADVERTISEMENT
Markets/CommoditiesArticle

Russia to deliver 50 billion cubic meters of gas to China by 2026

Gazprom and CNPC advance plans to ship 50 bcm of gas annually via Power of Baikal pipeline, with intergovernmental talks set for this week.

DC
David Chen · Commodities Desk · 3 Sept 2026 · 23:13 · 1 min read
Share
Russia to deliver 50 billion cubic meters of gas to China by 2026

Russia plans to supply 50 billion cubic meters of natural gas to China annually starting in 2026, according to Deputy Prime Minister Alexander Novak. The volumes will be delivered via the Power of Siberia pipeline and through Kazakhstan, with Gazprom and China National Petroleum Corporation (CNPC) discussing a second route originally designated as Power of Siberia-2 but now referred to as Power of Baikal.

Gold / US Dollar

XAUUSD
Full profile →
4480.0353▲ 0.14%
As of 03/09/2026, 21:00:00

Novak stated the target during a briefing on Thursday, adding that an intergovernmental commission will review the project on Friday. The Power of Baikal pipeline is intended to diversify export routes and strengthen energy ties between the two nations amid ongoing discussions about long-term supply agreements.

The Power of Siberia pipeline, currently operational, delivers Russian gas to China via the Far East. The expansion through Kazakhstan would provide an additional transit corridor, reducing reliance on a single route. Gazprom and CNPC have been negotiating the terms of the Power of Baikal project, which is expected to further integrate regional gas markets.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
ADVERTISEMENT
Share this story
DC
Written by
David Chen
Commodities Desk

David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.

More from David Chen →
ADVERTISEMENT
Novara — A Smarter Way to Access Global Markets
ADVERTISEMENT