by Ava Grace, Natural News:
-
- The proposed Power of Siberia 2 pipeline is the culmination of a long-term Russian strategy to reduce reliance on European energy markets, a move accelerated by Western sanctions following the 2014 annexation of Crimea.
- The new pipeline would deliver a massive 50 billion cubic meters of gas annually from Russia to China, potentially displacing up to half of China’s current liquefied natural gas (LNG) imports and undermining the competitiveness of more expensive U.S. LNG.
TRUTH LIVES on at https://sgtreport.tv/
-
- The agreement signals a strengthening “no limits” partnership between Russia and China, defying Western pressure and forming a new axis of energy power aimed at challenging the Western-led global order.
-
- Despite the political agreement, a final deal is contingent on resolving a major sticking point: the price of the gas. Russia needs to maximize revenue, while China is in a strong position to demand significant discounts.
-
- For China, the world’s largest LNG importer, replacing shipped gas with cheaper Russian pipeline gas is a logical economic move that secures long-term energy supply while reducing exposure to volatile seaborne markets and geopolitical rivals.
A major new energy agreement between Russia and China is poised to dramatically reshape the global natural gas landscape – in the form of a new liquefied natural gas (LNG) pipeline.
During a recent high-profile state visit to Beijing, Russian President Vladimir Putin secured a critical agreement to move forward with the massive Power of Siberia 2 pipeline. This development is not an isolated event, but the culmination of a decade-long Russian strategy to reduce its reliance on European energy customers.
