With limited alternatives for West Siberian gas, geography, geopolitics, and market size point squarely to China. This geopolitical theater, however, should not distract the United States and Europe from a far more urgent priority: curbing Russian evasion of liquefied natural gas (LNG) sanctions and placing additional sanctions on remaining projects and volumes. The Power of Siberia 2 won’t outpower economicsThe potential economic benefits Russia aims to achieve through the gas deal remain highly uncertain. China’s gas demand is tapering, and long-term pipeline contracts lack the fungibility of LNG, which can be shipped globally. Moscow needs this deal far more than Beijing, giving China the ultimate upper hand in dictating terms.