Xi Jinping and Vladimir Putin
China stalls on Power of Siberia 2
Beijing appears willing to use Moscow’s isolation to its advantage
The latest meeting between Chinese and Russian presidents Xi Jinping and Vladimir Putin in Beijing ended once more with Gazprom failing to clinch a second Siberian gas supply mega-deal. While the Russian pipeline gas export monopoly did not leave empty-handed, China’s steady unwillingness to sign up for a second pipeline—that would double Russian imports—raises questions about the “no limits” partnership touted by Beijing and Moscow. China-Russia energy cooperation was in focus as Putin arrived in Beijing on 17 October for a high-profile forum centred on the Belt and Road Initiative, Xi’s signature foreign policy project. Accompanying Putin was Gazprom CEO Alexei Miller, and the visit offere
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
