Insight
Russian Federation: what next for Power of Siberia 2?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Gazprom has been keen to sign a gas sales agreement for the Power of Siberia 2 (PoS 2) pipeline. A deal will replace some of the lost revenues from the European market but not all. Progress in striking a deal has been slow. Neither Russia nor China is prepared to commit this year. But eventually we think both sides will reach an agreement when the time, volume and price is right. We address the key points for Gazprom/CNPC gas relationship over the coming decade: • Gas export volume – by how much can exports to China grow in the long term? • Timing – when will both sides reach an agreement? • Price negotiations – how much is China prepared to pay? • Competition – what competitive threats are there to PoS 2?
Table of contents
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Executive summary
- A brief history of the Russia/China gas relationship and what next?
- PoS 2 – what’s in it for Russia?
- PoS 2 – what’s in it for China?
- PoS 2 – what’s in it for Mongolia?
- What about price?
- What competitive threats are there to PoS 2?
- Conclusion
Tables and charts
This report includes the following images and tables:
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Power of Siberia 2 resource baseRussia gas pipeline routesRussia piped exports to China
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Zapolyarnoye NPV,10 analysisZapolyarnoye delivered costs to China borderPiped gas exports to China, %
What's included
This report contains:
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