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'Power of Siberia 2' Pipeline Could See Europe, China Compete for Russian Gas
www.voanews.com ^ | January 18, 2022 | Henry Ridgwell

Posted on 01/18/2022 1:33:30 PM PST by RomanSoldier19

As winter bites, Europe is facing a gas shortage. A cold snap has coincided with lower volumes of gas exports from Russia, forcing a big spike in prices. Consumers and businesses across the continent are facing a steep increase in their bills, with governments scrambling to cushion the impact. And analysts warn it could soon get worse.

Moscow plans to build a new pipeline to China, which could give Russia the power to sell gas to the highest bidder, pitting Chinese and European consumers against one another.

Chinese economy

From the frozen expanses of Siberia, Russia already is sending some natural gas to China. The "Power of Siberia 1" pipeline opened in 2019, tapping the gas fields in Russia's far east to help fuel the Chinese economy.

Europe remains Russia's largest customer by far, importing about 200 billion cubic meters of gas every year – about 30% of the continent's supply. By comparison, China purchases about 38 billion cubic meters annually.

(Excerpt) Read more at voanews.com ...


TOPICS: News/Current Events
KEYWORDS: gas; oil; pipeline; siberia2

Ukraine: Washington and Kremlin's top diplomats to meet as Russia ramps up military drills in 'extremely dangerous situation'


1 posted on 01/18/2022 1:33:30 PM PST by RomanSoldier19
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To: RomanSoldier19

2 posted on 01/18/2022 1:43:16 PM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: RomanSoldier19

Even Siberia goes through the motions....


3 posted on 01/18/2022 1:46:18 PM PST by dfwgator (Endut! Hoch Hech!)
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To: RomanSoldier19

Underpopulated Siberia is a treasure house of coal, oil, gas, timber and huge expanses of undeveloped farmland. It has natural beauty matched only by Alaska. It lies adjacent to overpopulated, resource poor, teeming, well armed China. Ukraine and Taiwan are sideshows. If there is to be a civilization ending world wide nuclear war, it will begin there.


4 posted on 01/18/2022 1:52:01 PM PST by allendale
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To: kiryandil

Think of all the poor green popsicles in Europe.


5 posted on 01/18/2022 1:54:41 PM PST by larrytown (A Cadet will not lie, cheat, steal, or tolerate those who do. Then they graduate...)
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To: RomanSoldier19

Since obama when i see pipelines for Europe it means our troops.


6 posted on 01/18/2022 1:58:12 PM PST by momincombatboots (Ephesians 6... who you are really at war with. )
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To: RomanSoldier19

Germany is accelerating the closing of all of its nuclear power plants....

I guess the rise of WW3 starts as a comedy with the Germans playing the French this time.


7 posted on 01/18/2022 2:21:46 PM PST by WMarshal ("Those who would give up essential liberty, to purchase a little temporary safety, deserve neither.")
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To: WMarshal

8 posted on 01/18/2022 2:45:38 PM PST by RomanSoldier19 (Res ad Triarios venit; )
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