Xi Jinping decided to still show Vladimir Putin a gift and give a move to a long gas project.
China continues to support Russia and saves its economy. After many years of thinking, Beijing has finally given the Go -Ahead to build a new gas pipeline from Russia Siberia 2, which is designed to adjust the Kremlin’s reversal to the east in response to western penalties for attacking Ukraine and partially paying for losses from the lost gas war in Europe.
A gift to Putin
Prior to the announcement, few believe that the power of Siberia 2 would move to the ground, as China and the negotiations were not required for the price time on its side. However, on Tuesday, the Russian Gazprom not only signed a memorandum of a new gas pipeline by 50 billion cubic meters per year, but also said to increase the delivery of another 8 billion cubic meters per year to the existing Siberian 1 and the future route with Sakhalin.
If all projects stated on Tuesday are implemented, then 2030 Gazprom will increase delivery to China from current 38 billion to nearly 110 billion cubic meters per year and will provide more than 40% of China’s needs for natural gas.
The same situation – more than 40% of the market – included Europe, before Putin ordered to reduce supplies a year before the invasion of hopes of causing a crisis and overthrowing the EU’s decision to intervene for Ukraine. The crisis occurred, but Europe eventually established alternative purchases of more expensive gas, especially from the United States, and completely abolished Russia’s energy sources since 2027.
China is not in a hurry to repeat the errors in the EU and fall into raw materials that rely on the Kremlin. However, Xi Jinping decided to however give Putin a gift and give steps to the project.
Pure geopolithic
No contract, no price, no other details yet. While Russia, due to the war, is losing positions in the World Market, America, Kremlin’s mainly expressed rival, has become a superpower of energy. It produces the most oil and gas, and Donald Trump threatens the threats of knocking promises to increase American energy carriers from other countries.
Against the background of this hope, to return to the European market for Russia has gone, and China has remained a single consumer that is comparable to the size of which you can stretch the gas pipeline from Siberia.
However, the current power of Siberia 1 relates to deposits in the Irkutsk and Yakutia regions, while gas is supplied to Europe from Yamal. Without the power of Siberia 2, it would not be possible to dispose of the amount of Europe in China, and therefore, in the years of separation from the West, this project gained special importance for the Kremlin.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.