All articles tagged with #power of siberia 2
The China-Russia Power of Siberia 2 pipeline deal signifies a major failure of Trump's Eurasian strategy, as Russia pivots towards China and India, undermining US influence and accelerating global multipolarity.
Gazprom's shares dropped over 3% after signing a non-binding memorandum with China to develop the long-delayed Power of Siberia 2 pipeline, raising concerns about project costs, funding, and its impact on Gazprom's finances amid ongoing geopolitical and economic challenges.
Russia and China signed a binding agreement to build the Power of Siberia 2 gas pipeline, which will supply 50 billion cubic meters of gas annually to China for 30 years, signaling a strategic shift amid Western sanctions and Europe's reduced dependence on Russian energy.