Anticipate Higher OCTG Demand from Recent Offshore Contracting and Production

Once fully operational, the Power of Siberia 2 pipeline is planned to transport roughly 50 billion cubic meters of natural gas annually to China. The project was previously valued at approximately $13

The long-delayed Power of Siberia 2 gas pipeline project between Russia and China is held up by technical and logistical hurdles rather than pricing disagreements, a senior Russian official said. Boris Titov, chairman of the Russian side of the Russia-China Committee for Friendship, Peace and Development, told the TASS news agency that media reports attributing the delay to price disputes are inaccurate

The pipeline is expected to transit through Mongolia, requiring complex trilateral coordination regarding transit fees, environmental impact assessments, and technical construction standards across rugged terrain. While Western analysts have frequently suggested that Beijing is leveraging its position as Russia’s primary energy buyer to demand steep discounts, Titov emphasized that the financial framework is not the primary obstacle

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