Russia and China Sign Major Gas Deal Amid Western Supply Shuns
TL;DR
Gazprom's shares dropped over 3% after signing a non-binding memorandum with China to develop the long-delayed Power of Siberia 2 pipeline, raising concerns about project costs, funding, and its impact on Gazprom's finances amid ongoing geopolitical and economic challenges.
- Gazprom Shares Tumble After Power of Siberia 2 Deal Announcement The Moscow Times
- Putin hails ‘unprecedentedly high’ relations with China as Gazprom says it signed new gas deal cnn.com
- Russia and China bless vast new Power of Siberia 2 pipeline, Gazprom says Reuters
- Xi, Putin Deepen Ties in Beijing With Apparent Gas Breakthrough Bloomberg.com
- Russia clinches major new gas pipeline deal with China as West shuns supplies CNBC
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