Putin Aims to Unlock Gas Pipeline Project to China in Xi Talks
Bloomberg.com • • general
Key Points:
- Russian President Vladimir Putin will visit Beijing on Tuesday for talks with Chinese President Xi Jinping, marking his first foreign trip of the year.
- The ongoing war in Iran presents an opportunity for Russia to strengthen its energy ties with China amid global energy market disruptions.
- Russia aims to leverage Middle East energy market turmoil to negotiate more favorable gas prices for the Power of Siberia 2 pipeline project with China.
- Chinese officials have shown interest in speeding up the contract negotiations, but no concrete progress has been made yet, according to Russian sources.