War Politics 24
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Xi has abandoned Putin. Unexpected blow to Gazprom. Pipeline project COLLAPSED
Posted
August 21, 2024
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2:25Now PlayingA conflict between the Russian Federation and China seems to be brewing. The construction of the Power of Siberia 2 gas pipeline has been halted. These conclusions were published by the South China Morning Post based on the fact that Mongolia excludes the project from its long-term development plan, and this country is fundamentally important for the construction of the Power of Siberia 2 gas pipeline. As a result, the future of the Russian-Chinese gas pipeline is becoming unclear. The journalists of the newspaper point out that Moscow no longer believes in the prospect of getting the desired deal from Beijing. This is because China and Muscovy have not agreed on gas prices. Beijing demanded that prices should be lowered to $60 per thousand cubic metres, which is practically the price that Russia has on the domestic market. Now China buys Russian gas at $260 per thousand cubic metres. The disagreement between Beijing and Moscow also stems from geopolitical factors. China is concerned about the secondary sanctions imposed by Western countries on those considered to be involved in facilitating Russia's aggression against Ukraine.
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