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Politics : Formerly About Advanced Micro Devices
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To: Broken_Clock who wrote (1460447)6/3/2024 2:10:19 PM
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Xi Squeezes Putin for Deeper Gas Discounts - Newsweek

China will not pay the prices for Russia's natural gas in the quantities that Vladimir Putin needs to make up for the European market he lost after his invasion of Ukraine, the Russian president's former deputy energy minister has told Newsweek.

"It's quite clear that Russia cannot make any profits by exporting gas to China," Vladimir Milov, who served in the role between May and October 2002 during Putin's first presidential term and is now an opposition figure abroad, said.

He said the prospect that Gazprom, one of the world's largest publicly listed natural gas companies, can remain a prime revenue generator for Russia's economy and Putin's military machine is "pretty much dead now."

.....
In another sign of its role as the senior partner in the countries' relationship, China is also demanding prices close to Russia's heavily subsidized domestic prices. Russia's lack of another overland route for its gas exports means Gazprom would probably have to accept China's conditions, the FT reported.
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