China-Russia Pipeline Seen Displacing One-Third of LNG Imports, Analysts Warn ...Middle East

China’s planned Power of Siberia 2 pipeline with Russia could displace the equivalent of one-third of the country’s LNG imports and deliver a “shock” to the global seaborne gas trade, according to analysts cited by the South China Morning Post (SCMP). The 50-billion-cubic-meter-per-year conduit, slated to run through Mongolia, would lock in long-term Russian pipeline supply and sharply cut China’s need for LNG cargoes just as global exporters scale up capacity. The warning follows Sunday’s signing of a binding…

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