Russia hopes to sign major pipeline deal with China this year

The Power of Siberia 2 pipeline could facilitate the transport of 50 billion cubic metres of natural gas to China annually. - Bloomberg

MOSCOW (AFP): A Russian deputy prime minister said Thursday (March 230 he hoped Moscow and Beijing would sign a contract to build the massive Power of Siberia 2 gas pipeline by the end of the year.

Moscow is looking to pivot gas exports to countries which have not imposed sanctions targeting its energy sector, one of many hit by the measures since the Kremlin sent troops to Ukraine last year.