Power of Siberia 2 Could Redefine China's Gas Landscape -- Market Talk

Dow Jones

Sep 03

1455 GMT - The Power of Siberia 2 project could reshape China's energy landscape, says Rabobank's Florence Schmit. Russia and China this week signed a legally binding memorandum to build the pipeline, as Western sanctions on the Kremlin pushed the two countries closer. If the project materializes, pipeline imports could surge to meet nearly 30% of Beijing's gas demand from just 19% currently, according to the energy strategist. The impact on gas markets is now minimal due to the long-term nature of the project. However, "a shift toward cheaper, fixed pipeline gas from Russia could crowd out U.S. volumes, especially as China continues to diversify its energy sources and tighten its import strategy," Schmit says. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

September 03, 2025 10:55 ET (14:55 GMT)

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Russia and China this week signed a legally binding memorandum to build the pipeline, as Western sanctions on the Kremlin pushed the two countries closer. If the project materializes, pipeline imports could surge to meet nearly 30% of Beijing's gas demand from just 19% currently, according to the energy strategist. The impact on gas markets is now minimal due to the long-term nature of the project. However, \"a shift toward cheaper, fixed pipeline gas from Russia could crowd out U.S. volumes, especially as China continues to diversify its energy sources and tighten its import strategy,\" Schmit says. (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 03, 2025 10:55 ET (14:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Power of Siberia 2 Could Redefine China's Gas Landscape -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPower of Siberia 2 Could Redefine China's Gas Landscape -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-03 22:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1455 GMT - The Power of Siberia 2 project could reshape China's energy landscape, says Rabobank's Florence Schmit. Russia and China this week signed a legally binding memorandum to build the pipeline, as Western sanctions on the Kremlin pushed the two countries closer. If the project materializes, pipeline imports could surge to meet nearly 30% of Beijing's gas demand from just 19% currently, according to the energy strategist. The impact on gas markets is now minimal due to the long-term nature of the project. However, \"a shift toward cheaper, fixed pipeline gas from Russia could crowd out U.S. volumes, especially as China continues to diversify its energy sources and tighten its import strategy,\" Schmit says. (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 03, 2025 10:55 ET (14:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4234","symbol_name":"特殊用途房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2564928703","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564928703","pubTimestamp":1756911300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1455 GMT - The Power of Siberia 2 project could reshape China's energy landscape, says Rabobank's Florence Schmit. Russia and China this week signed a legally binding memorandum to build the pipeline, as Western sanctions on the Kremlin pushed the two countries closer. If the project materializes, pipeline imports could surge to meet nearly 30% of Beijing's gas demand from just 19% currently, according to the energy strategist. The impact on gas markets is now minimal due to the long-term nature of the project. However, \"a shift toward cheaper, fixed pipeline gas from Russia could crowd out U.S. volumes, especially as China continues to diversify its energy sources and tighten its import strategy,\" Schmit says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","PW":"Power REIT"},"translate_title":"西伯利亚力量2号可能重新定义中国天然气格局——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1},"content_text":"1455 GMT - The Power of Siberia 2 project could reshape China's energy landscape, says Rabobank's Florence Schmit. Russia and China this week signed a legally binding memorandum to build the pipeline, as Western sanctions on the Kremlin pushed the two countries closer. If the project materializes, pipeline imports could surge to meet nearly 30% of Beijing's gas demand from just 19% currently, according to the energy strategist. The impact on gas markets is now minimal due to the long-term nature of the project. However, \"a shift toward cheaper, fixed pipeline gas from Russia could crowd out U.S. volumes, especially as China continues to diversify its energy sources and tighten its import strategy,\" Schmit says. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 03, 2025 10:55 ET (14:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}