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Russia’s exports of natural gas to China rose by 28.3% year-on-year in the first eight months of 2025, according to Gazprom CEO Aleksey Miller. Speaking at a meeting with the heads of subsidiary companies and organizations, Miller added that Gazprom continues to supply gas steadily and reliably to both domestic consumers and international partners.
Russia currently supplies gas to Asia’s largest economy via the Power of Siberia pipeline, part of a US$400 billion, 30-year agreement signed between Gazprom and China’s state-owned CNPC in 2014. Deliveries began in 2019, and the pipeline reached full operational capacity in December 2024, making Russia the top supplier of natural gas to China.
Ranked among the world’s largest gas importers, China remains the second-biggest buyer of Russian gas. While the EU accounted for the largest share of Russia’s pipeline gas exports, purchasing 39%, China and Turkiye each accounted for 27%.
In 2024, China’s pipeline gas imports from Russia reached US$7.355 billion, reflecting a 14.29% increase compared to the previous year. Liquefied natural gas (LNG) imports also rose by 12.85%, according to Chinese customs data.
In May this year, Russian President Vladimir Putin and Chinese leader Xi Jinping agreed to accelerate the Power of Siberia 2 pipeline project, which would double Russia’s gas export capacity to China to 50 billion cubic meters annually.
Economic cooperation between the countries has continued to strengthen despite sweeping Western sanctions against Moscow. Bilateral trade hit a record US$245 billion in 2024, underscoring the deepening ties.
Putin is currently visiting China and is participating in wide ranging talks with Xi as well as participation in the Shanghai Cooperation Organization Heads of State summit.
Further Reading
President Putin’s Interview With Xinhua: Full Contents & Analysis
