Russia's aim to promote China’s West Route natural gas project might fail
ANBOUND
After the relations of Russia and the West worsened, the country expected to enter the Chinese natural gas market, but this is not easy. At present, China and Russia's natural gas project negotiations fails to achieve progress, and Russia may eventually give up on these projects, namely the West Route project, and the project to export natural gas to Northeast China from the Sakhalin region. In addition to the disagreement in the cost, Russia also overestimated the Chinese market’s demand for Russian natural has. As the West Route cannot change the imbalanced supply of the Chinese natural gas and that the East Route, the so-called Siberian Power has already fulfilled China’s current and expected demand, Russia’s aim to promote the West Route might remain unfulfilled.