Putin left China, without a pipeline deal. Why didn’t the Hormuz crisis open the valve?
Russian President Vladimir Putin visited China this week, but no agreement was reached on the long-delayed Power of Siberia 2 natural gas pipeline. The pipeline would deliver a significant amount of natural gas from Russia to China, passing through Mongolia. Despite ongoing geopolitical disruptions to maritime energy transport, China has not publicly committed to the project, though Russian officials suggest some contracts are nearing finalization. AI
