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Why China and Russia are unlikely to move the Power of Siberia-2 pipeline forward
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Atlantic Council
Why China may be more hesitantWhile Russia is eager, perhaps even desperate, to sell gas to China, there appears to be considerable ambivalence in Beijing.
Global LNG supply is much more competitive vis-à-vis pipeline natural gas.
And new technologies—many of them made in China—are increasingly viable alternatives to Russian natural gas.
Chinese natural gas demand in industry is also likely to face pressure, as recent analyses show battery electric vehicles making headway even in the heavy-duty vehicle sector.
This could limit future demand for LNG-powered trucks, which have become an increasingly important driver of Chinese natural gas demand.
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'natural'
'russia'
'siberia2'
'chinese'
'forward'
'unlikely'
'russias'
'power'
'beijing'
'china']