GasPipeline
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Xi Jinping and Putin resume talks on Power of Siberia 2
This week, Chinese and Russian leaders Xi Jinping and Vladimir Putin will resume talks on the Power of Siberia 2 gas pipeline, which is supposed to connect the economies of the two countries, Bloomberg reports. The project, which involves the supply of 50 billion cubic meters of gas annually, will allow Russia to compensate for the loss of European markets and China to replace expensive imports of liquefied natural gas.
š±š„Russia is advancing with a major gas pipeline project to Chinaā, called Soyuz Vostok or Power of Siberia 2ā. The pipeline will transport up to 50 billion cubic meters of gas annually through a 598-mile section crossing Mongolia.
This development comes as Western sanctions on Russia increase, pushing the country to strengthen its energy ties with the East. The pipeline is a key part of deepening the energy partnership between Moscow and Beijing, following a 30-year deal signed in 2014.
Key Features:
1.42-meter-wide pipes
Five major compressor stations
Designed to redirect gas initially intended for Europe to China
Strategically, the pipeline will reduce Russia's dependence on Western markets while solidifying its relationship with China, the world's fastest-growing gas consumer. This move represents a significant shift in Russia's energy strategy in response to changing global dynamics.
#RussiaChinaEnergy #GasPipeline #BTCvsMarkets #dinnerwithtrump
This development comes as Western sanctions on Russia increase, pushing the country to strengthen its energy ties with the East. The pipeline is a key part of deepening the energy partnership between Moscow and Beijing, following a 30-year deal signed in 2014.
Key Features:
1.42-meter-wide pipes
Five major compressor stations
Designed to redirect gas initially intended for Europe to China
Strategically, the pipeline will reduce Russia's dependence on Western markets while solidifying its relationship with China, the world's fastest-growing gas consumer. This move represents a significant shift in Russia's energy strategy in response to changing global dynamics.
#RussiaChinaEnergy #GasPipeline #BTCvsMarkets #dinnerwithtrump
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