Russia and China’s landmark agreement to build the long-delayed Power of Siberia 2 gas pipeline is resonating well beyond Eurasia, with potential ripple effects for global energy markets and Nigeria’s fragile yet ambitious gas sector.
The pipeline, designed to transit gas reserves in Russia’s West Siberia to northern China via eastern Mongolia, will enable the supply of 50 billion cubic meters (bcm) of gas per year, according to Russia’s Interfax news agency.
Supplies under the new Power of Siberia 2 agreement will run for 30 years.
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