Russian Deputy Prime Minister Alexander Novak said Gazprom and CNPC are negotiating commercial terms for the Power of Baikal pipeline (formerly Power of Siberia 2) and hope to reach an agreement by year-end. The pipeline, running from western Siberia through Mongolia to China, has a design capacity of 50 billion cubic meters per year, equal to more than 10% of China's current demand. Gas price and volume flexibility remain major issues, and no final contract has been signed despite a binding memorandum last year. Russia supplied nearly 40 billion cubic meters of gas to China in 2025, and with Power of Baikal and other lines at full capacity, flows could exceed 100 billion cubic meters per year, more than double 2025 levels. The project would also redirect gas that once served Europe toward Asia.
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Original headline: Nga và Trung Quốc báo tin cực vui cho cả thế giới
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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