CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russia, China Intensify Talks on Power of Siberia 2 Line

NATURAL GAS

Russia and China are intensifying talks regarding gas supplies via the Power of Siberia 2 pipeline, Russian Energy Minister Nikolai Shulginov said.

  • "We are continuing negotiations, and the intensity has increased," Shulginov said.
  • The Power of Siberia 2 project plans to supply up to 50bcm/yr of gas to China through Mongolia from resources in Western Siberia.
  • Design and survey work began in February 2022 as part of the project to construct the Soyuz Vostok gas pipeline that will pass through the territory of Mongolia and extend the Power of Siberia 2 pipeline.
  • Russia’s Deputy PM Alexander Novak said earlier this year Russia hopes the pipeline deal with China can by agreed by the end of the year.
  • Moscow hopes to increase its Far East natural gas exports by fivefold to 170bcm by 2030, compared to pre-war shipments, Novak said in June. Flows to China via the existing Power of Siberia pipeline have steadily increased and are expected to rise to 22bcm this year and to 38bcm by 2025.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.