The Russian gas monopoly “Gazprom” set a new record for gas supplies to China via the “Power of Siberia” pipeline on January 10, 2026. According to the company, exports through this pipeline amounted to 38.8 billion cubic meters in 2025, with daily pumping volumes exceeding 100 million cubic meters, corresponding to the maximum planned capacity.
This is reported by Finway
Increase in Exports to China and New Agreements
Russia remains a key supplier of natural gas to China, meeting about one-third of its import needs. In September 2025, “Gazprom” reached an agreement with the China National Petroleum Corporation (CNPC) to increase gas supplies through “Power of Siberia” by 6 billion cubic meters — to 44 billion cubic meters annually. In the future, after the completion of the new “Power of Siberia-2” pipeline and the expansion of the Far Eastern route, Russian gas supplies to China could increase by another 58 billion cubic meters per year.
“In 2025, 38.8 billion cubic meters of gas were exported through the pipeline. The pipeline is operating at maximum planned capacity — over 100 million cubic meters of gas are pumped daily,” the company noted.
Gas supplies through “Power of Siberia” are conducted under a long-term contract between “Gazprom” and CNPC, signed in 2014. The first supplies began in December 2019. In 2024, the pumping volume was 31 billion cubic meters, and in 2025, the pipeline reached its design capacity of 38 billion cubic meters per year.
Loss of Market Share: Trends in the Turkish Direction
Despite successes in the Chinese direction, Russia is facing a decrease in market share in other key markets. Turkey, one of the main importing countries of Russian gas, continues to invest in its own production. The state company Turkish Petroleum signed a contract with the Italian engineering group Saipem worth $425 million for further development of the largest Turkish gas field, Sakarya, which is estimated to have reserves of 540 billion cubic meters.
In 2026, Turkey plans to double its gas production in the Black Sea, and by 2028, increase it by another 300%. As a result, the country is gradually reducing its imports of Russian gas — its share in Turkey’s energy balance has already fallen below 40%.