Power of Siberia-2 pipeline has become official and Mongolia is smiling…

Russia has started the ground work for another pipeline to China through Mongolia….it was kicked started officially when Putin and Xi just met recently…

“The project of cross-border pipeline construction over the territory of Mongolia from Russia to China is considered in practice. The work is in progress and it is progressing successfully,” Putin said. This gas pipeline “can be the extension of the Russia’s Power of Siberia-2 pipeline,” the head of state said.

Source: Feasibility study for pipeline to China via Mongolia to be ready in coming weeks — Putin – Business & Economy – TASS

Yes, The “Power of Siberia 2” It is my understanding that the gas fields are the same ones that supply the “NORD Stream 2”. Oops, Europe! Better get it while you can? China wants it…

Seems like Irony is at play here, if the EU gas ends up in China?

Russia will make better and much more stable profits selling gas to China than to the EU…

Let the EU freeze and as I say, “Look East Russia, look East!”

Mongolia says, “Oh, those transit fees for Gas are sweet indeed!”

WtR