China to advance 'early work' on Power of Siberia 2 gas pipeline

China has announced its intention to advance 'early work' on the Power of Siberia 2 gas pipeline, a development project included in its 2026-2030 five-year plan. This strategic pipeline aims to connect Russian gas fields with northern China, traversing through Mongolia. Classified as a development-type deal in the gas sector, its current status is 'announced', with an announcement date of 2026-03-05. This initiative underscores China's long-term energy security strategy and its deepening energy partnership with Russia, with Mongolia serving as a critical transit partner. The involvement of three sovereign states—China (as developer), Russia, and Mongolia (as partners)—highlights the significant geopolitical and economic implications of this cross-border infrastructure project. While the project value remains undisclosed, the nature of a major international gas pipeline suggests a substantial investment commitment, focusing initially on preparatory stages as indicated by 'early work'.