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«Russia and China Expand Their Gas Relationship: Causes and Implications» - V. Ermakov's article for the Valdai International Discussion Club

V. Ermakov, a CCEIS expert, analyzed the prospects for the development of Russian-Chinese cooperation in the gas sector in an article for the Valdai International discussion club.Main points:
·In the new reality Europe is going to reduce its energy dependence on Russia as soon as possible and regardless of collateral damage;
·Russia must accelerate its Pivot to the East, which makes China a clear winner since it would be able to use the situation to get Russian oil and gas at discounted prices;
·In order to diversify their foreign trade options Moscow and Beijing have accepted a package of commercial contracts for the supply of Russian oil and gas;
·China’s gas consumption is growing, and according to estimates, its own production by 2030 will be able to cover only half of the future increase in demand. That is why the deal now is more relevant than ever.
·Gas supplies via  the Power of Siberia gas pipeline with the addition of  gas from the Russian Far East will give Gazprom a competitive edge compared with other importers in the northern and eastern provinces of China. 
·Russia and China continue to negotiate a new giant contract on gas supplies from Yamal, and both sides have demonstrated a pragmatic acceptance of a possibility to include third-party transit (via Mongolia) into their plans.

«Russia and China Expand Their Gas Relationship: Causes and Implications» - V. Ermakov's article for the Valdai International Discussion Club

The full article is available via the link