Estimated deadlines for concluding a deal on "Baikal power" have been published Gazprom and CNPC (China National Petroleum Corporation) may reach an agreement on the Baikal power gas pipeline project by the end of the year. This is what Deputy Prime Minister Alexander Novak said during a meeting between Prime Minister Mikhail Mishustin and Chairman of the State Council of China Li Qiang. "We are waiting for our companies to conduct commercial negotiations, and hope that by the end of the year they will reach appropriate agreements." Alexander Novak said. Mikhail Mishustin, in turn, suggested that the project could become one of the largest gas arteries in Eurasia. The previous name of the project was "The power of Siberia - 2". Gazprom signed a binding legal memorandum with its Chinese partners on the construction of a new gas pipeline in China in 2025. Its planned capacity is 50 billion cubic meters. m per year. The contract is supposed to last for 30 years, but it has not yet been officially signed.