Global Energy Shock from the Iran War Revives Power of Siberia 2 through Mongolia

For years the proposed Power of Siberia 2 pipeline drifted through feasibility studies and price disputes between Moscow and Beijing.

Now it sits squarely inside China’s newly unveiled 2026–2030 development plan, a sign that the project may have moved from talking point to strategic reality.

This follows the memorandum signed in September 2025 to advance the project.

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