BLUF
The Power of Siberia 2 pipeline could deliver 50 billion cubic meters of gas from Russia to China annually. But so far, both nations have only agreed to advance "research and consultation".Summary
Teng Juan Xuan writing in the Moscow Times, makes the following points:
- Pre invading Ukraine, Russia was the world's largest exporter of liquefied natural gas until replaced by Australia.
- Western sanctions have forced Russia to find new gas export markets.
- The existing Siberian pipeline supplied 15.5 billion LNG cubic metres in 2022.
- China is probably concerned about being over-reliant on Russian energy.
References
Recent Runway Posts related to this topic:
- Nord Stream 1: How Russia is cutting gas supplies to Europe - The Runway (airforce.gov.au)
- Another Nail In The Coffin Of The Russian Economy - The Runway (airforce.gov.au)
References from the Web:
- MAR 2023 Explainer: Does China need more Russian gas via the Power-of-Siberia 2 pipeline?-Reuters
- MAR 2023 Russia announces progress with China on the Power of Siberia 2 gas pipeline-Enerdata