and then have to get it back into the form that it needs to use for combustion. and that infrastructure cannot be wished into existence. they are only 600 ships that can carry it now around the world and you can see that industrial countries that need it badly may compete and the price may go up. so it s all a great idea, but i think it s actually a serious effort and it also shows i think the russians that whatever happens in the way this war comes to an end, if it does, that their long term plan to have europe dependent upon them for energy is no longer going to be able to work out. nordstream 2 was turned off, the europeans are worried that they have hocked their future to russia and russia can sell it to china or india and lots of other places assuming the sanctions don t bite. but this is definitely russia s major way of earning money and it s a change in politics as well as economics. and it s one thing to divert the supplies to europe, but as jeff was implying,
but through whatever missteps on either side that this could lead to wider conflict? does that thought trouble you? yes. i think putin is unstoppable. and i understand that he must bring victory until may- the 9th. it s victory day in russia. and if he fails, i don t know- what would happen in his mind. i don t know. i feel it s a very, - very complex situation, and it might lead anywhere. jeff. i m sorry to hear that, but i agree with you absolutely. there are so many possibilities and his psychology has been so much never to back down. and he really has believed that the west is weak
but as jeff was implying, that will only drive up costs. the fact is energy is going to continue to be very expensive. it is, and actually it s true that russia can sell oil, gas and coal essentially, that s what it does sell to china. but it is not an easy switch either. it sells far more to europe and if you think about it in a way where russia s sources are, it s a very long way to china. they are neighbours, but there is a hell of a lot of tundra in between, and the economically active bits of both china and russia are very distant. and gazprom cannot build pipelines to china and make profit without massive subsidies and tax breaks. so china has signed a deal to take more russian gas, it s not something you can ramp up very quickly because they are confined to a pipeline from siberia which has a limited source.
Transcripts for BBCNEWS Dateline London 20220327 10:30:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
into the form that it needs to be used for combustion. and that infrastructure cannot be wished into existence. they are only 600 ships that can carry it now around the world and you can see that industrial countries that need it badly may compete and the price may go up. so it s all a great idea and i think it s actually a serious effort and it also shows, i think, the russians that whatever happens in the way this war comes to an end, if it does, that their long term plan to have europe dependent upon them for energy is no longer going to be able to work out. nordstream 2 is turned off, the europeans are worried that they have hocked their future to russia and russia can sell it to china or india and lots of other places assuming the sanctions don t bite. but this is definitely russia s major way of earning money and it s a change in politics as well as economics. and it s one thing to divert the supplies to europe, but as jeff was implying, that will only drive up costs. the fact is