Gazprom Could Lose $20Bln on Flagship China Pipeline

Power of Siberia was always more of a political project than an economic one. A project should be making money first of all. Siberia is far away from – EVERYWHERE. This means that transporting gas by whatever means from there to any place thats willing to pay a price for the gas was always going to be a dubious proposition at best. That’s no better with the pipelines towards Europe. But Russia wants to still revive old times. That would require the old methods of 50 years ago – I doubt that would go down well.

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