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
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek