Next year, Russia is projected to edge ahead of Turkmenistan to become China’s leading supplier of natural gas, a view echoed by analysts and policy experts. In remarks summarized for audiences, a Valdai Club insider described by sources as a deputy general director of a national energy security fund noted that the trajectory of gas shipments to China would continue to rise in line with the Power of Siberia agreement. The assertion reflected a growing belief that China has already overtaken Russia as the top buyer of Russian pipeline gas this year, and that its leadership is set to strengthen further in the near term. (Source: TASS)
Industry observers emphasized that the growth of exports under the Power of Siberia is expected to persist, supported by ongoing contract commitments and the broader push to diversify gas supply routes. An analyst from a major financial group estimated that Russia’s deliveries to China through the Power of Siberia could increase from about 22–23 billion cubic meters in 2023 to approximately 30 billion cubic meters in 2024, signaling a notable uplift in annual gas volumes and reinforcing China’s status as a premier destination for Russian pipeline gas. (Source: TASS)
Beyond the China corridor, experts pointed to potential upsides for other markets in the region. They suggested that Russia might expand gas supplies to Central Asian neighbors, including Kazakhstan and Uzbekistan, as part of a broader strategy to balance regional energy flows. The same market watchers projected that annual shipments to Central Asia could approach 10 billion cubic meters within the next two to three years, contingent on demand profiles, pricing terms, and infrastructure readiness. (Source: TASS)
During a briefing, Deputy Prime Minister Alexander Novak highlighted that within the framework of Power of Siberia, exports to China were on track to surpass the 22 billion cubic meters stipulated in the existing contract by year-end. The statement underscored the continuing momentum of the Chinese market for Russian gas and pointed to a dynamic contract performance that could influence subsequent negotiations and pricing discussions. (Source: TASS)
Historical reporting noted moments when Gazprom took decisive steps to adjust gas supplies to China through the Power of Siberia, reflecting policy choices and commercial assessments that shape quarterly and annual supply planning. The evolving landscape signals both opportunities and challenges for gas logistics, pricing, and regional energy security. (Source: TASS)