kravietz 🦇 on Nostr: #China and #Russia/difficult economic relation: > Construction of the Power of ...
#China and #Russia/difficult economic relation:
> Construction of the Power of Siberia 2 natural gas pipeline is likely to be slower than expected despite the ‘no limit’ strategic partnership between Beijing and Moscow.
> "It’s a specific presidential-level of pressure. It’s about cheaper payment. They can demand deep discounts." — Russian source with knowledge of the issue
https://www.scmp.com/economy/global-economy...
Notably, the Russian discount for China is already 40% and next year it's going to increase to 46%. The price Turkey and EU currently pay is $501/1000 m³, while for China the price is $297.
https://www.moscowtimes.io/2023/09/11/skidk...
> Construction of the Power of Siberia 2 natural gas pipeline is likely to be slower than expected despite the ‘no limit’ strategic partnership between Beijing and Moscow.
> "It’s a specific presidential-level of pressure. It’s about cheaper payment. They can demand deep discounts." — Russian source with knowledge of the issue
https://www.scmp.com/economy/global-economy...
Notably, the Russian discount for China is already 40% and next year it's going to increase to 46%. The price Turkey and EU currently pay is $501/1000 m³, while for China the price is $297.
https://www.moscowtimes.io/2023/09/11/skidk...