Gas: Russia, China Agree on Power of Siberia 2 Pipeline, Gazprom Says

Russia's Gazprom PJSC said it signed a legally binding agreement to build the Power of Siberia 2 gas pipeline to China via Mongolia and would expand deliveries through other routes. The gas producer could ship as much as 50 billion cubic meters a year via the Power of Siberia 2 for 30 years, according to the company's Chief Executive Officer Alexey Miller. The pipeline agreement has not been confirmed by China, which has used broader language around energy agreements in its official pronouncements. Bloomberg's Stephen Stapczynski reports.