China stalls on Power of Siberia 2
Beijing appears willing to use Moscow’s isolation to its advantage
The latest meeting between Chinese and Russian presidents Xi Jinping and Vladimir Putin in Beijing ended once more with Gazprom failing to clinch a second Siberian gas supply mega-deal. While the Russian pipeline gas export monopoly did not leave empty-handed, China’s steady unwillingness to sign up for a second pipeline—that would double Russian imports—raises questions about the “no limits” partnership touted by Beijing and Moscow. China-Russia energy cooperation was in focus as Putin arrived in Beijing on 17 October for a high-profile forum centred on the Belt and Road Initiative, Xi’s signature foreign policy project. Accompanying Putin was Gazprom CEO Alexei Miller, and the visit offere
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!