A lack of progress on the Power of Siberia 2 pipeline following the latest meeting between Vladimir Putin and Xi Jinping in Beijing chips away at the picture of unshakeable unity and strength both leaders have sought to project under their “no limits” friendship. [Gas in Transition, Volume 3, Issue 10]
Normally functioning economy, the rules do not apply. rules do not apply. chris weafer, sor for rules do not apply. chris weafer, sorry for interrupting, rules do not apply. chris weafer, sorry for interrupting, just - rules do not apply. chris weafer, l sorry for interrupting, just running out of time, thank you very much. to australia now, where workers at some of the country s lng plants producers of liquefied natural gas will decide this week if they ll go on strike over pay and employment rights. now this matters, as the plants together supply around 10% of the global lng market. european gas prices were pushed up again today, after surging last week. reliance on lng has grown since the russian war in ukraine, especially in europe, where pipeline gas supplies were cut.
Despite a charm offensive across North Africa, Italy’s slow deployment of new LNG import capacity, continued drought and its slow embrace of renewable energy technologies look likely to expose the vulnerabilities of its energy system this winter. [Gas in Transition, Volume 3, Issue 4]
With no end in sight of the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. Last year’s energy challenges could be repeated next winter and probably the next. Europe is not out of the woods yet. As EU energy commissioner Kadri Simson said, Europe has come a long way, but it still has a tough job ahead of it. [Gas in Transition, Volume 3, Issue 4]