China-Mongolia-Russia Agreement on Power of Siberia 2 Could Reroute Energy Trade

China recently hosted the 2025 Shanghai Cooperation Organization (SCO) Summit in Tianjin, gathering heads-of-state and high-level representatives. Mongolian President Khurelsukh Ukhnaa participated in the summit, representing Mongolia as an observer state — a status that no longer exists as the SCO reformatted how it labels partners after the recent summit. On the sidelines of the SCO, China, Mongolia, and Russia signed a legally binding MOU on the trilateral construction of the Power of Siberia 2, a planned gas pipeline from Soyuz Vostok, which has potential to alter energy trade.

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