Russia-China Gas Pipeline Could Take 10 Years to Build
Market Intelligence Analysis
AI-PoweredThe construction of the second Power of Siberia gas pipeline from Russia to China may take up to 10 years due to complexities in the project, casting uncertainty on the deal's completion.
Market impact analysis based on neutral sentiment with 72% confidence.
Article Context
The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the president of the research division of China's state energy giant CNPC said this week. Lu Ruquan, president of the CNPC Economics & Technology Research Institute, was speaking at the International Energy Executive Forum when he made the remarks, as quoted by Reuters. These suggest the undertaking is not yet a done deal, even though the two sides struck…
Analysis and insights provided by AnalystMarkets AI.