JUST IN:
🇷🇺🇨🇳 Russia's Gazprom to build the world's largest gas pipeline, the Power of Siberia-2 directing 50bcm annually to China.
The gas which once powered the German and European industries will now be diverted into China working with Russia.
🧵1/7
🇷🇺🇨🇳 Russia's Gazprom to build the world's largest gas pipeline, the Power of Siberia-2 directing 50bcm annually to China.
The gas which once powered the German and European industries will now be diverted into China working with Russia.
🧵1/7
After the SMO began in 2022, the EU imposed a ban on Russian energy.
(With the exception of Hungary, Slovakia and a few others)
But reality wasn't as they hoped. Not even destroying the $11 bil Nord Stream Pipeline was going to crush the Russian economy.
2/7
(With the exception of Hungary, Slovakia and a few others)
But reality wasn't as they hoped. Not even destroying the $11 bil Nord Stream Pipeline was going to crush the Russian economy.
2/7
With Europe totally cutting on energy, the Kremlin diverted to cooperations with India and China, two of the worlds largest populations and great allies.
Accounting for 0.2% in India's energy to 40% in just 3yrs.
3/7
Accounting for 0.2% in India's energy to 40% in just 3yrs.
3/7
With increase in demands from China and India, Russia has set out to build more pipelines (originally designed to include Europe) into Asia.
The "Power of Siberia-2" project has been legally signed between Gazprom and CNPC and work could begin soon.
4/7
The "Power of Siberia-2" project has been legally signed between Gazprom and CNPC and work could begin soon.
4/7
Agreements were also made on increasing supplies from 38 to 44bcm on the "Power of Siberia-1" and 10 to 12bcm on the Far east pipeline.
– According to the CEO of Gazprom, Andrey Miller.
5/7
– According to the CEO of Gazprom, Andrey Miller.
5/7
We can also see Russia's pivot on the German automobile industry.
Behind the once strong German economy was cheap Russian energy.
Europe is the biggest loser in this conflict, Germany being the most oblivious one after an act of terrorism on Germany (Nord Stream attack).
6/7
Behind the once strong German economy was cheap Russian energy.
Europe is the biggest loser in this conflict, Germany being the most oblivious one after an act of terrorism on Germany (Nord Stream attack).
6/7
Even though Europe boldly claims to have cut dependence on Russia, it indirectly still buys Russian energy...
Just 3x the price Russia sold it for. Russia makes its profit, Europe loses to try looking moral, destroying itself.
Russia is now the largest economy in Europe.
7/7
Just 3x the price Russia sold it for. Russia makes its profit, Europe loses to try looking moral, destroying itself.
Russia is now the largest economy in Europe.
7/7
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