Putin’s Pipe Dream Exposes China’s Energy Advantage
The Russian president ended his visit to Beijing last week without a formal deal on Power of Siberia 2 — once again.
A gas well at Gazprom PJSC’s Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia pipeline.
Photographer: Andrey Rudakov/Bloomberg
Welcome to our guide to the energy and commodities powering the global economy. Today, reporter Dan Murtaugh looks at the pipeline project hanging over Russia’s close relationship with China. Read the latest on the helicopter crash that killed Iran’s president and on the Saudi king’s health. To get this newsletter in your inbox, sign up here.
Vladimir Putin’s visit to China has been an opportunity for the Russian president and counterpart Xi Jinping to showcase their “no limits” friendship, with plentiful handshakes and an expansive joint statement.