Russia wants a bigger slice of the Chinese gas market, but Beijing’s desire for supplier diversity stands in the way.
On February 28, just four days after Russia invaded Ukraine, its state-owned energy giant Gazprom agreed with Mongolia to proceed with plans for one of the world’s largest gas pipelines, aiming to link Russian fields which currently supply Europe to energy-hungry China.
There’s just one hitch: Beijing isn’t yet fully on board.
Gazprom has long been agitating for a deal to supply gas to China via the so-called Power of Siberia 2 pipeline (also known as Soyuz Vostok). Once
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Washington’s $370 billion Inflation Reduction Act was seen as a generational opportunity for miners in the U.S. as well as mineral rich trading partners. But almost two years later, the North American mining industry is in crisis and no closer to chipping away at China's dominance. What went wrong?
The academic explains why we need to look beyond the actions of the Chinese government to understand how and why China is shaping countries in the region.
Navigate China's Business Landscape with Confidence.