The inauguration of the Power of Siberia project to transport gas from Russia to China will strengthen Russia’s position as the world’s first gas exporter and boost economic relations between the two countries in an unprecedented way.
Thanks to the US politicians getting busy with their inner fights over who won the presidency and later over who is more corrupt with power in a newly controlled country (Ukraine), the excessive use of sanctions, and the anti-‘free trade’ war, other global superpowers are solidifying their positions and leaping ahead in steady growth.
Destroying Syria by the US-led War of Terror was partly because the Syrian President Bashar Assad rejected to isolate Russia and Iran by severing the relations with them and by allowing a Qatari gas pipeline through Syria to Europe which would have starved both the Russian and Iranian nations.
Toppling the Ukrainian state, destroying the country’s economy, and installing puppets there by the US was in part to control the Russia – West Europ gas pipeline.
From here comes the added importance of this project that would supply the Chinese economy with flowing energy source for the coming 3 decades, provide the Russian economy with a considerable steady income for the coming 3 decades, and hurting further the US dollar as this ‘energy’ project uses the currencies of both nations and not the currency that controlled the energy production and trade for at least half a century.
Oddly enough it didn’t seem to be of concern to the US politicians and usual Pentagon propagandists to start with demonizing it and then analyzing their losses from creating enemies around the globe instead of engaging positively with the world, especially the established civilizations.
The following report by the Lebanese Al-Mayadeen news channel sheds some light on the global event:
It is a historic event according to Russian President Vladimir Putin, the opening of the Power of Siberia pipeline between Russia and China will bring about a change in the world’s energy projects, not just between the two countries.
The inauguration, with the participation of the two heads of state on both sides of the border, was accelerated after the completion of the first phase of the project ahead of schedule, a phase, costing an estimated $ 20 billion out of $ 400 billion, the total cost of the Power of Siberia project.
This huge 30-year project was agreed between Moscow and Beijing via Russia’s Gazprom and China National Oil and Gas Company in 2014, it is the largest project to transport gas from eastern Russia to China, 4,500 kilometers of pipelines produced with a new and innovative technologies are supposed to transport 38 billion cubic meters of Russian gas annually to China, this puts Russia at the forefront of natural gas providers for this country, which is the fastest-growing economy in the world today.
The Power of Siberia is one of 40 strategic economic agreements between the two countries over the past five years to enhance their cooperation in various fields, the level of cooperation in military production between them has risen in an unprecedented way, Russian and Chinese banks have given financial guarantees for trade using the currencies of the two countries amounting to tens of billions of dollars, the trade between the two neighbors, which share about 4,000 kilometers borders, jumped to $ 100 billion last year alone, this figure is expected to double over the next year.
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Featured image is from Syria News
