Russian-Chinese gas pipeline deal stalled due to Beijing’s price demands

Sharing is Caring!

Russia’s attempts to strike a deal with China to construct a gas pipeline have stalled due to Beijing’s unreasonable demands regarding price and supply volumes, citing the Financial Times.

Sources revealed that China demanded to pay prices close to Russia’s heavily subsidized domestic rates and committed to purchasing only a small fraction of the planned annual capacity of the 50 billion cubic meters pipeline.

See also  Price cuts are wild—builders slashing $100K+ like nothing, desperate to move inventory... Who in their right mind wants to buy a house with a 7.6% mortgage rate?

Beijing’s tough stance on the Power of Siberia 2 pipeline underscores that Russia’s invasion of Ukraine has made dictator Vladimir Putin increasingly dependent on Chinese leader Xi Jinping for economic support.

See also  The Green Slime Effect! House Price Index Up 3.8% YoY In November As Fed Funds Rates Remain High (Fed Balance Sheet Remains Elevated)

https://www.msn.com/en-us/money/markets/russian-chinese-gas-pipeline-deal-stalled-due-to-beijing-s-price-demands/ar-BB1nwKUX?


114 views