China-Russia Pipeline Seen Displacing One-Third of LNG Imports, Analysts Warn

China-Russia Pipeline Seen Displacing One-Third of LNG Imports, Analysts Warn

China’s planned Power of Siberia 2 pipeline with Russia could displace the equivalent of one-third of the country’s LNG imports and deliver a “shock” to the global seaborne gas trade, according to analysts cited by the South China Morning Post (SCMP). The 50-billion-cubic-meter-per-year conduit, slated to run through Mongolia, would lock in long-term Russian pipeline supply and sharply cut China’s need for LNG cargoes just as global exporters sc…

China-Russia Pipeline Seen Displacing One-Third of LNG Imports

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China's SCO Meeting and the Power of Siberia 2 Pipeline

China’s SCO Meeting and the Power of Siberia 2 Pipeline You won’t want to miss this wild discussion of the Shanghai Cooperation Organisation (SCO) summit, and the natural gas pipeline deal between China and Russia, just approved. The Power of Siberia 2 pipeline is set to reshape global energy markets, with President Putin announcing that all natural gas once destined for the EU will now flow to Asia. The UK and the EU are facing significant chal…