Power of Siberia 2 talks stall on China-Russia gas price gap

Negotiations for the Power of Siberia 2 pipeline have stalled as China seeks gas prices near Russia's subsidized domestic rates, while Russia aims for higher export prices. The impasse delays a key energy infrastructure project that would strengthen Russia's energy leverage over China and diversify China's supply away from seaborne LNG. The outcome will shape regional gas pricing and Russia's ability to offset lost European sales.