Europe keeps slitting itself in the throat. How much blood can it lose before it expires? From Lorenzo Maria Pacini at strategic-culture.su:
The energy market is too important to be left at the mercy of European follies.
Driven by ideologies and slogans lacking in substance, the European Union has handed over its main source of energy to China, after renouncing its energy relations with Russia. Not out of inevitable necessity, but due to strategic miscalculations and total subordination to U.S. interests, the EU has made yet another ill-advised choice, the consequences of which will soon be painfully understood.
At the recent Shanghai Cooperation Organization summit held in Tianjin, Russia, China, and Mongolia signed a binding memorandum regarding the gas pipeline project called Power of Siberia 2. With a length of 2,600 kilometers and a cost of $13.6 billion, the infrastructure will transport 50 billion cubic meters of Russian gas annually from the Arctic to northern China via Mongolia, completely bypassing the European market.
The economic consequences are significant. Currently, 50 billion cubic meters of natural gas are worth $16.5 billion in Europe. The same amount of U.S. LNG would cost around $25 billion, while direct purchases from Russia – based on agreements signed by Gazprom with Beijing – would cost between $6 and $6.5 billion. That low-cost Russian gas, once the engine of German and Western European industry, will now take the eastern route, guaranteeing China stable and affordable supplies.
Driven by the Anglo-American elites, who have forced Europe to sever its energy ties with Moscow, European chancelleries have ended up strengthening Beijing’s strategic position. Today, Europe is paying dearly for U.S. LNG, losing industrial competitiveness and sliding into recession: an ideal context for fuelling internal tensions exacerbated by economic crises and increasingly costly military supplies from overseas.
President Xi Jinping has called Power of Siberia 2 a milestone in the “no limits” strategic partnership with Russia, securing a safe land-based energy corridor for Beijing. This is not just a trade agreement, but a genuine geopolitical realignment: Russia consolidates a stable buyer, China obtains guaranteed long-term supplies, and Europe witnesses the erosion of its industrial and political centrality.
Other suppliers will charge more than Russia?
Being a rump vassal boot licker ain’t cheap.