The Limits of Putin's Energy Partnership with China.

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Source: The Washington Post
The Limits of Putin's Energy Partnership with China.
Photo: The Washington Post
TL;DR Summary

Chinese President Xi Jinping's visit to Russia did not result in an agreement on the Power of Siberia 2 gas pipeline, highlighting China's unwillingness to sacrifice its economic self-interest for Russia's benefit. The lack of a deal also showed Putin's weakness and growing dependence on China. Russia is seeking new gas markets after losing Europe as its most important export market due to Putin's invasion of Ukraine. The expected level of Chinese gas demand in the 2030s, the price of gas at that time, and China's access to other global suppliers are all uncertainties.

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