Power of Siberia Pipeline #2

Power of Siberia Pipeline

Watching European leaders blundering around, sliding farther down the slope everyday, heading toward the abyss, is like watching a movie about crazy people. Nothing they do makes any sense, but given we have big name actors playing these parts, you think there must be some secret plan they are following and one of these days they will explain it and it will all become clear. Or maybe they really are just stupid and crazy. Here's another brick in the wall:

Did you notice the EU just lost its gas lifeline?

The EU’s cheap-gas lifeline just got handed to Beijing instead. With three signatures, Russia, China and Mongolia rerouted half a century of energy history eastward.

On Tuesday, the three countries signed a legally binding memorandum for the Power of Siberia 2 pipeline – a roughly 2,600-km line, at an estimated cost of around $13.6 bn, that will carry 50 billion cubic meters (bcm) of natural gas every year through Mongolia into northern China’s industrial heartland. 

While the pricing structure has yet to be fixed, the signatories have effectively redrawn the European energy map.

For decades, this gas was the bedrock of German and Western European industry, piped from Russia’s Yamal fields in the Arctic through Nord Stream 1 directly into Germany. Now, that same supply is being redirected east.

I have previously posted about several of the places that are shown on the map:

Amur	Amur Bridge Project
Komsomolsk-on-Amur	Komsomolsk-on-Amur
Novosibirsk	Su-57
Urengoy	Failing Conventionally
Vladivostok	Many posts
Yamal	Russian Yamal-LNG project on the Arctic Ocean