India, Sept. 2 -- Russia and China signed a legally binding memorandum to construct the Power of Siberia 2 pipeline, a massive and highly ambitious gas project that could reshape the global energy map, Gazprom said on Tuesday.

According to Alexei Miller, Gazprom CEO, the agreement includes building the Power of Siberia 2 and the Soyuz Vostok transit segment through Mongolia. Through this agreement, Russia agreed to supply additional volumes of natural gas to China.

"Today, a legally binding memorandum was signed on the construction of the Power of Siberia 2 gas pipeline and the Soyuz Vostok transit gas pipeline through Mongolia," Miller said.

The "no limits" partnership between China, the world's biggest consumer of energy, and Russia,...