Here is the paywalled article
Russia’s attempts to conclude a major gas pipeline deal with China have run aground over what Moscow sees as Beijing’s unreasonable demands on price and supply levels, the Financial Times reported on Sunday citing three people familiar with the matter.
China had asked to pay close to Russia’s heavily subsidised domestic prices and would only commit to buying a small fraction of the pipeline’s planned annual capacity of 50 billion cubic metres of gas according to the report. Russia has been in talks for years about building the Power of Siberia-2 pipeline to carry 50 billion cubic metres of natural gas a year from the Yamal region in northern Russia to China via Mongolia.
Russian Deputy Prime Minister Alexander Novak said last month that Russia and China expect to a sign a contract “in the near future” on the Power of Siberia-2 gas pipeline.
Yeah they kinda figured out that they weren’t in any position to negotiate. If that’s the case you’re getting screwed.
So the price is eastern territories of Russia soon’ll be chinese with all the precious minerals, oil and gas?
Yes, and let us not forget China’s access to the Arctic for its Polar Silk Road.
