The long-delayed Power of Siberia 2 pipeline between Russia and China is anticipated to create a “structural shock” to the global liquefied natural gas (LNG) trade. Gazprom CEO Alexey Miller was quoted as saying the Russian oil giant is ready to begin operations. Analysts warn this could disrupt established trade flows and require adjustments in global energy markets. The pipeline’s commencement is expected to affect several industries, requiring strategic responses from global players.
Credits: News – South China Morning Post