Russia's Gas Pipeline Plans and Challenges

Russia's plans to build a gas pipeline to China to replace lost sales in Europe face risks and uncertainties. The project's cost is estimated at $13.6 billion, with Russia aiming to increase supplies to China to 100 bcm per year by 2030. However, the success of the project depends on agreement on key issues including pricing and faces competition from other providers. On the other hand, the resurfacing of the Trans-Caspian Gas Pipeline proposal offers the possibility of supplying gas to Hungary and connecting to the East-West Pipeline across the Caspian Sea, but faces opposition from Russia due to military dominance in the region.