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
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






