Russia, China sign deal to advance Power of Siberia 2 gas pipeline
The pipeline is expected to deliver an extra 50bcm of gas per annum to China.
04 September 2025
04 September 2025
The pipeline is expected to deliver an extra 50bcm of gas per annum to China.
The move is expected to sustain the country's oil production above 1mbbl/d.
The well is currently working through an 8.5in section at a depth of around 1,910m.
The deal entails EQT purchasing 1.5mtpa of LNG from Rio Grande LNG Train 5.
The company currently employs around 13,000 people worldwide.
These three-year agreements are set to support responsible deep-water exploration in key oil and gas regions in Brazil.
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