RUSSIAN Gas Power of Siberia 2 Pipeline Deal with China Collapses as China Moves Towards Hydrogen
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Prior to the Invasion of Ukraine Natural Gas exports provided Russia's second largest revenue stream after Oil. However as a result of the war European countries stopped buying Russian Gas and this lead to the loss of around $150 BILLION in income. Russia is unable to export this gas to countries such as India as it does not have the LNG facilities to convert the gas and has been trying to persuade CHINA to agree to build the POWER OF SIBERIA 2 Pipeline. In this video I look at Russia's loss of income, China's current and future demand for Natural Gas, who China is currently buying from, China's investment into HYDROGEN, the likelihood of the pipeline being built and discuss the problems that Russia and the Russian Economy are now facing.
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Chapters:
0:00 Intro
3:39 RUSSIAN GAS
6:21 RUSSIAN EXPORTS
10:32 CHINESE DEMAND
15:40 CHINA'S PIPELINES
20:04 HYDROGEN
24:07 SUMMARY & CONCLUSION
#UKRAINE
#russia
#china
#naturalgas
#russiangas
#hydrogen
#greenhydrogen
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#USA
#NATO
#WW3
#WORLDWAR3
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