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No it is not. There is already the "Power of Siberia 1" pipeline in operation but this is an all new pipeline and its route is not even determined yet. This is not a contract either it is a memorandum. China is just thumbing their nose at Trump, the weakest President in foreign diplomacy history. It's like the U.S does not even exist anymore to the much of the world. Trump's appointed "diplomats" are totally unqualified morons which doesn't help either.it's already under construction..look it up if you need to know
Hot air?
Progress has been made on the Power of Siberia 2 gas pipeline, but a final deal may still be some way off
Russia’s so-called “strategic partner” has for years also been pushing for supply volumes, pricing formulas, and credit terms that were unfavourable to Gazprom, as well as demanding it be allowed to take a role in gas production within Russia and insisting that the pipeline follow a route favourable to its own interests. The key question now is whether the terms of the agreement that was signed this week are, in actual fact, mutually beneficial.To what extent and in what areas Gazprom, which currently has a surplus of gas available for export following the collapse of its once-lucrative European markets, has been forced to make concessions remains unclear. CEO Alexey Miller declined to discuss the new terms of the deal, promising only to “report back later”.
Gazprom has lost virtually all of its once highly profitable European market, with exports to the EU and Türkiye plunging to nearly a quarter of their pre-war levels since 2022. The company’s need to secure new markets for its natural gas exports inevitably increased the chances that it would accept worse terms than it previously would have done.
https://novayagazeta.eu/articles/2025/09/04/hot-air-en
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