US EditionRussia’s Desperate Pivot: Gas Pipeline Signals Subordination To China
The Power of Siberia 2 pipeline will deliver 50 billion cubic meters annually, marking a strategic energy partnership amid shifting global alliances.
- This year, Gazprom PJSC signed a legally binding memorandum with China National Petroleum Corp. to build Power of Siberia 2, and Russian President Vladimir Putin framed the deal as offering a `market-based` price.
- Facing shrinking European demand, Moscow decided to pivot to Asia after Western countries imposed sanctions, with Russian domestic consumers facing gas price rises over 50%, effectively subsidizing exports to China.
- The project’s scale is large: Power of Siberia 2 would deliver 50 billion cubic meters annually over 6,700 kilometers from Yamal Peninsula, western Siberia through Mongolia into China, with analysts estimating costs between $25 billion and $36 billion.
- Observers warn the deal could reshape global energy markets, strengthening China’s energy security and potentially reducing its need for seaborne LNG while influencing global gas prices.
- But major questions remain about financing and price, as Beijing negotiators push for low prices and may commit only part of the pipeline at discounted rates, delaying agreement between China, Gazprom, and CNPC.
14 Articles
14 Articles
Russia and China have struck a gas pipeline deal. Here's why many questions remain unanswered
The project — known as the Power of Siberia 2 — would give Russia a way to replace some of the revenue from its decades of selling natural gas to Europe that was lost over its invasion of Ukraine. The pipeline would carry gas from reserves in western Siberia through Mongolia to China. But questions abound
A new pipeline is to transport Russian gas to China, but recently a contract has been signed. Experts believe that Beijing could still blow up the project.
China’s Pipeline Diplomacy Is a Nightmare for US Gas - Energy News, Top Headlines, Commentaries, Features & Events
The revival of a project that would transport Russian gas to China has the potential to upend Trump’s plans for energy dominance. By Liam Denning It’s a potential prize fight for the ages: US “energy dominance” versus the Power of Siberia. A proposed pipeline to bring natural gas from Russia, across Mongolia and into northern ...
"Putin Offers China Cheap Gas Deal": Russia Builds New Pipeline With Market Based Pricing That Could Crash Global Energy Markets While Challenging US Dominance In Asia
IN A NUTSHELL 🌍 The new gas pipeline between Russia and China signifies a pivotal shift in global energy alliances. 💡 Market-based pricing offers a competitive edge that could influence global gas markets and pricing structures. 🔧 The pipeline presents both challenges and opportunities for technological innovation and energy security. 🇺🇸 U.S. energy policy may [...]
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