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Russia and China advance Power of Siberia 2 gas pipeline despite pricing and timeline issues

Market News
20 May 2026
CNBC
View Source
Neutral
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Russia and China have signed a legally binding memorandum to build the 2,600-kilometer Power of Siberia 2 pipeline, which will transport 50 billion cubic meters of gas annually from Russia's Yamal fields to China via Mongolia. Key issues like pricing, financing, and delivery timelines remain unresolved, with China seeking lower prices and Russia aiming for higher rates. The pipeline aims to reduce China's reliance on maritime energy routes disrupted by the Iran war, but analysts warn it could increase Beijing's dependence on Russian energy. The project highlights deepening Sino-Russian energy ties amid global geopolitical shifts.

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Reklaim Credit Solutions appoints new CRO and CTO ahead of Q3 2026 launch for cannabis credit ratings.

Reklaim Credit Solutions appoints new CRO and CTO ahead of Q3 2026 launch for cannabis credit ratings.

Reklaim Credit Solutions, a credit rating agency for the state-regulated cannabis industry, announced that co-founders Sam Fensterstock and Bob McCarthy have taken on executive roles as Chief Revenue Officer and Chief Technology Officer, respectively...

Company Fundamentals
Bullish
52 minutes ago
SIM swapping scams rise, risking your phone and bank security—learn how to protect yourself now.

SIM swapping scams rise, risking your phone and bank security—learn how to protect yourself now.

SIM swapping scams involve criminals hijacking your phone number by transferring it to a SIM or eSIM they control, allowing access to your bank and credit accounts without physical access to your phone. Since 2022, over 5,000 cases have been reported...

Market News
Neutral
1 hour ago
TRADEMARK wins Bronze Eventex Award for outstanding Adobe MAX event production in 2026

TRADEMARK wins Bronze Eventex Award for outstanding Adobe MAX event production in 2026

TRADEMARK, a global experiential marketing agency, won the Bronze Eventex Award for its exceptional work on Adobe MAX 2025, a major creative industry conference. The award highlights TRADEMARK's skill in blending creative ambition with precise execut...

Others
Neutral
1 hour ago
Superformance launches limited edition GT40 series celebrating 1966 racing victories with only 66 cars worldwide.

Superformance launches limited edition GT40 series celebrating 1966 racing victories with only 66 cars worldwide.

Superformance and Safir Engineering have launched the exclusive Championship Season Series, a limited edition of 66 GT40 supercars honoring the 60th anniversary of the GT40's dominant 1966 racing season. These cars replicate the original chassis and ...

Others
Bullish
1 hour ago
Global HPV vaccines market set to grow at 8% CAGR, reaching $18.4B by 2034 due to rising HPV-related cancers and vaccination programs.

Global HPV vaccines market set to grow at 8% CAGR, reaching $18.4B by 2034 due to rising HPV-related cancers and vaccination programs.

The global HPV vaccines market is projected to grow at a compound annual growth rate (CAGR) of approximately 8% from 2026 to 2034, reaching an estimated market size of $18.4 billion by 2034. This growth is driven by the increasing prevalence of HPV-a...

Market News
Bullish
2 hours ago
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