Russia announced a big plan! It will change the world energy pattern! - Video

On October 22nd, as reported by TASS, the CEO of Gazprom, Alexey Miller, announced that Gazprom will commence gas supplies to China via the "Far Eastern Route" starting in 2027, with an annual supply volume of 100 billion cubic meters. Additionally, another pipeline, the "Power of Siberia 2," which will pass through Mongolia in the "Eastern Alliance" natural gas pipeline, is under construction, and it is expected to have an annual gas transmission capacity of 500 billion cubic meters.

2022 is a year of turmoil in the world natural gas market. This year, the conflict between Russia and Ukraine and the bombing of Nord Stream 2 have caused major changes in the world's energy landscape, and they have fallen into a complex game of sanctions and anti-sanctions. However, when Europe's energy supply is in chaos, Asia, which is thousands of miles away, is thriving. In fact, a natural gas pipeline project with amazing reserves is about to start in 2024. It starts from the Arctic Ocean region of Russia, passes through Mongolia and finally reaches North China. In the summer of 2022, the leaders of Mongolia will let the outside world know that negotiations with China and Russia have been completed. The construction of this natural gas project called "Power of Siberia 2" will start in 2024 and is expected to be fully completed by 2028. So, what impact will this natural gas artery connecting China, Russia, and Mongolia have on energy in China and the world? In addition, why must this channel insist on passing through Mongolia? What is the meaning of this? OK, that and more is exactly what we are going to talk about today.