Russia and China Reaffirm Energy Cooperation at Eastern Economic Forum

During the Eastern Economic Forum, Russia and China reaffirmed the feasibility of the "Sila Baikala" gas pipeline project and discussed joint Arctic liquefied natural gas development.

Key points

• Russian Deputy Prime Minister Alexander Novak stated that authorities will support companies in finalizing the "Sila Baikala" contract, formerly known as "Power of Siberia 2".
• Both nations are advancing joint projects in the Arctic zone for the extraction and liquefaction of gas.
• Novak announced that Russia plans to convene a headquarters meeting regarding the petroleum products market and that diesel exports will resume once sufficient domestic reserves are secured.

Why it matters

Strengthened energy ties and pipeline agreements between Russia and China shape regional resource distribution and trade corridors.