Mint: China will try to avoid Europe's fate on Russian gas issue

The Russian gas pipeline Nord Stream 2, which Moscow is laying bypassing the territory of Ukraine, has caused a real split in Europe. Many European officials believe that Russia is seeking to control the supply of gas to the continent and turn these supplies into a geopolitical weapon, therefore they oppose a new gas pipeline under the Baltic Sea. In this regard, China, which also has "gas ties" with the Russian Federation, is trying to avoid such a state of affairs.

According to the Mint resource, it is enough for the Kremlin to cut off gas supplies through the new pipeline, and certain countries "as punishment" can be deprived of fuel, which is so necessary in a situation of a possible cold snap.

Unlike the West, China supports the construction of a second gas pipeline to provide its territory with "blue fuel". In particular, we are talking about the Power of Siberia-2 project. So, according to Vladimir Putin, in the near future the Russian and Chinese partners will discuss all the necessary technical issues regarding this gas route.

According to Nikkei Asian Review experts, Russia can thus insure itself against possible problems with gas transportation through the SP-2, and Power of Siberia-2 will strengthen cooperation between the two major powers.

However, according to the Mint, in this case, Russia's attitude towards China is not very different from its position on the issue of supplying gas to Europe, since it is important for the Kremlin to constantly sell fuel and profit from exports. At the same time, more Russian gas is sold to Europe than to China. Meanwhile, Beijing expects to increase its own gas production to reduce its dependence on imports.

But in the coming years, China may significantly increase its purchases of Russian gas, since the country is planning a rapid development of the chemical industry. Because of this, China is showing some caution in trying to avoid the situation that Europe has found itself in with its high gas prices and fuel shortages.

Thus, the PRC has the opportunity to develop hydrogen energy and other industries based on renewable electricity sources. In addition, Qatar and Australia, as other gas suppliers, also view China as an object for the supply of "blue fuel".

Russia would very much like to have such leverage over China as it does in Europe. And Beijing, of course, will do everything in its power to prevent this from happening.

- say analysts at Mint.
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  1. Alsur Offline Alsur
    Alsur (Alexey) 24 December 2021 13: 42
    Something I did not see the logic. If China has a need for gas and cannot meet its needs on its own, it must buy it somewhere. If he does not buy in Russia, he will buy from another country and will still become dependent, only not from Russia, but from an arc of the country. And then it makes sense not to buy gas in Russia. As it seems to me, the problem lies elsewhere.
  2. Sergeyjluf Offline Sergeyjluf
    Sergeyjluf (Sergei) 24 December 2021 13: 56
    Buy not buy! Blame not blame! Where to put the comma: Execution cannot be pardoned? There are always two in buying and selling according to Marx! One tries to buy as cheaply as possible, the second to sell as expensive as possible. And all these accusations of addiction are an attempt to influence the price!
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 24 December 2021 14: 45
    Yes, complete bullshit.
    some kind of Mint, some kind of anonymous analysts.
    And what is their capitalization comparable to Gazprom and Miller?
    that's all clear ...
  4. Bakht Offline Bakht
    Bakht (Bakhtiyar) 24 December 2021 14: 46
    Europe has adopted a program to abandon hydrocarbons and reduce dependence on Russian gas supplies. Who is blackmailing whom? "We will not buy gas from you, but you must increase its supply!"

    Unheard of happiness came over them. Refusal from Russian gas may occur earlier than planned. Greta Thunberg immediately to Moscow. To award the Gazprom medal.
  5. Rinat Offline Rinat
    Rinat (Rinat) 25 December 2021 09: 37
    They scare themselves. This kind of thinking sounds like schizophrenia. You need gas and the ABC does not have it, which means you are dependent on who supplies this gas to you. This is a Pattern from which you will not go anywhere. Or is it a cunning position pronounced by the saying: "Eat a fish and sit on a member."
    As Barimore said from a famous anecdote: "Well, these are perverts, sir."
  6. Colonel Kudasov Offline Colonel Kudasov
    Colonel Kudasov (Boris) 26 January 2022 22: 10
    There will definitely not be a situation “like in Europe” in China. Too many suppliers and their own rather big gas production. It is Russia that needs to worry so as not to get a "buyer's market" in the East