{"id":30979,"date":"2018-02-14T07:05:48","date_gmt":"2018-02-14T12:05:48","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30979"},"modified":"2018-02-14T07:05:48","modified_gmt":"2018-02-14T12:05:48","slug":"the-power-of-siberia-and-chinas-next-natural-gas-moves","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30979","title":{"rendered":"The Power of Siberia and China\u2019s Next Natural Gas\u00a0Moves"},"content":{"rendered":"
\n

The Power of Siberia and China\u2019s Next Natural Gas\u00a0Moves<\/a><\/h3>\n<\/header>\n
\n

Gazprom\u2019s Power of Siberia pipeline is more than two-thirds complete.\u00a0 It will be delivering gas to China by the end of this year.\u00a0 A second pipeline is still under discussion.<\/p>\n

A report yesterday from Alex Mercouris at The Duran noted some frustration from China<\/a>over the irregular liquefied natural gas (LNG) supplies coming from its contract partners in Uzbekistan and Turkmenistan.<\/p>\n

It seems the Turkemi and Uzbek governments are shaking down China for better prices because gas demand in Western China\u2019s autonomous regions is growing rapidly.\u00a0 Complicating matters is the tough winter in Europe which spiked LNG demand there as well.<\/p>\n

Remember, Gazprom recently announced that delivered volumes to Europe rose by 8% in 2017 over 2016.\u00a0 And that number is likely to rise again this year.\u00a0 Even the U.K. is begrudgingly buying Russian LNG from the Yamal LNG project on the Eastern Baltic coast.<\/p>\n

China National Petroleum Corp., CNPC, just signed a deal with Cheniere Energy to supply 1.2 million tons of LNG annually.\u00a0 China\u2019s demand for natural gas has to rise as its leadership deals with the increasing costs of air pollution from running a major portion of its economy on coal.<\/p>\n

This is part of the reason why Russia and China hooked up for the original Power of Siberia pipeline in the first place.\u00a0 And it\u2019s why I have little doubt that a second pipeline is a slam dunk. This would be the expanded Altai Pipeline or Power of Siberia 2 that was postponed in 2015 but is now back on the table.<\/p>\n

\"Power-of-Siberia\"<\/p>\n

Last year China and Russia signed an MOU on Power of Siberia 2.\u00a0 Though no formal agreement has been reached, it\u2019s obvious both parties want this done.\u00a0 The question for China is likely price.\u00a0 And they are not above holding out for better terms and cheaper gas prices.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Power of Siberia and China\u2019s Next Natural Gas\u00a0Moves Gazprom\u2019s Power of Siberia pipeline is more than two-thirds complete.\u00a0 It will be delivering gas to China by the end of this year.\u00a0 A second pipeline is still under discussion. A report yesterday from Alex Mercouris at The Duran noted some frustration from Chinaover the irregular […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[130,352,554,18548,694,17384,16963],"class_list":["post-30979","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-china","tag-gazprom","tag-natural-gas","tag-power-of-siberia-pipeline","tag-russia","tag-siberia","tag-tom-luongo"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30979"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30979\/revisions"}],"predecessor-version":[{"id":30980,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30979\/revisions\/30980"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}