China want cheap gas, but not for Russia to blackmail them later Siberian gas literally only had one buyer - China. Russia had no power in the negotiations. China can import (and is already importing) from Central Asian countries who don’t have a record of blackmailing their clients
Siberian gas also enters China in the North East, where China's own declining NG is located, so it enters at a point with transportation infrastructure and demand. Power Of Siberia 2 enters further west, where as you point out China already has a large amount of Central Asian gas available, but all has to be moved thousands of Km. China also imports a great deal of LNG, basically creating the enter industry.
@@neolithictransitrevolution427 No they don’t have a colony master relationship. They have a concept that has never been tried in Western Europe, it’s called a win win situation. They don’t have to conquer another and subjugate them for their sustenance. But Joe is. British so the history speaks for itself. The perfect international marriage is between a manufacturer and an energy and raw material supplier. They’ll be fine
@@williamalexander9485 China Russian relationship is not a win win, they are forced to work together due to a common threat. Russia is bleeding money selling energy cheap and China is losing their rich clients for manufacture goods in the awes t for supporting Russian. It’s more of a lose lose for both of them
Actually it wasn't Europe that reduced gas imports from Russia, it was Russia that stopped gas exports to Europa to freeze them out. It ended with the classical shot in the foot for Russia, though.
Who cares. The headache is Russia's to solve. Their people still use wood burning stoves so really why would anyone be fussed. All this is showing is that it's good news that Russia needs to beg their new masters the Chinese to build the pipeline which they have refused. Good work Tony.
Creates a bit of a problem for China. Let’s say they pour a bunch of money in to this new pipeline- is the Russia we know still even going to be there? They could get this great sweetheart deal on gas only for Putin to get deposed in 5 years and his successor to say “oh yeah that was the last guy, we’re actually charging you more” and there’s not much they could do.
Western Europe has been relying on Russia for the better part of 2 decades, and still are except they’re relying through third parties like India and Turkey at a 40% markup.
No threat. They did cut the supply with the most olive leave excuse possible. In retrospect, Putin gambled that Germany would fold and allow Nord Stream 2 to be turned on. Big mistake.
This is true. Who has the power in Russia is in the balance. China could poor tens of billions of dollars into this project and then suddenly Putin is replaced and the new guy prefers to sell the gas to Europe at market rates instead.
China has Russia over a barrel or a big pipe in this instance. China is not bothered where it gets its gas from. It knows Russia needs this pipeline much more than it does.
Yeah Russia is going to end up having to pay for the pipeline in full - probably for a contract China picks with a chinese company - and then they get to sell gas (at a discount of course) as long as they keep master Xi happy. One dictator screwing over another, who would have seen it coming.
China doesn’t need to pick it up. China already has deals in place to purchase all the gas it needs. This new supply from Russia would be for in the future. So China doesn’t need the gas from Russia and will be taking a risk to pay for the part of the pipeline that won’t deliver anything for years. We don’t know that China hasn’t already decided that if Russia starts to collapse politically that China won’t do a land grab of Russia ( under the pretence of protecting Chinese citizens). Also if Russia becomes unstable then the pipeline may never get finished. That is why China is wanting Russia to pay for most of the pipeline and give guaranteed low prices for the gas. China knows Russia has no one else to sell it to so can demand what it likes.
Yeah China isn't worried about Russia black mailing them like others are saying. They are trying to milk Russia with their terms! Probably terms so skewed Putin was slapped in the face that their never ending friendship isn't really a friendship. They (China) love this war. It weakens a potential huge enemy on their boarder. They get desperate Russian companies selling product to them. I am sure they are making a premium on sanctioned products. Russia has ZERO leverage, and everyone knows it. China has the patience to wait for their terms to be met. I wish I was there at that meeting! Also Russia losing refined oil product production hurts them too. So they are getting more desperate for buyers I am sure with their state oil company losing 8 billion or so a year.
@@Africanchild825”America got away with it”?!? Sorry, did America say Iraq or Afghanistan should become two american states, part of the US? Do you even turn your brain on before talking?
Surprised? No. The collaboration between two large dictatorial nations is impossible in good times. In bad times like today, the only reason for this deal is desperation. In natural gas business with unreliable partners, the sunken cost must be on the supplier, otherwise the opportunity for extortion is too tempting not to be taken. Look at the Bolívia-Brazil pipeline. The moment they could, Bolivians threatened to cut the supply if Brazil did not agree to a price raise.
russia tried to use the pipelines in Europe to blackmail the EU. I wonder why China is not interested in more pipelines from such a reliable supplier? 🤔
OK, so list the many times Russia tried. Or is that simply US propaganda? And why is it the US continues to veto a UN investigation of NordStream? What are they attempting to hide?
I say the same thing. Oil is a significant percentage of Russia's revenue. Putin has doomed the Russian economy for decades, if not centuries, to come. History will record what Russia did to the EU's economy 👈🏾
Oh yes Unfortunately propagandas don’t work World bank has just declared Russian economy is 4 th largest , just took over Japan Highest growth in Europe, higher than USA😂😂
Russia is doing just fine, their economy is booming. Although if you listen to globalist news yeah you might believe the propaganda but truth is Russia is booming. Its the west that is collapsing. Like China has the lowest inflation rate at 0.1 percent in March 2024. China has recently discovered a massive oil deposit. The 100 million-ton oil reserve in the South China Sea, found in the Kaiping South Oilfield 300 kilometers off the coast of Guangdong province, further enhances China's resource wealth. Yes, the world is facing tough times, but unlike England and America, which are undeniably experiencing financial and cultural collapse, China and Russia are likely to emerge relatively unscathed.
@@sharmana100 Oh yes Unfortunately propagandas don’t work (sorry we didn't know the SU-57 was an invisible stealth plane) 😲 Putin has just declared Russian population takes 10,000 losses a month, Highest KIA toll in Europe, higher in two months than what the US lost in Iraq and Afghanistan in 40 years. Also lol an economy built on manufacturing planes that crash into South Ossetia or tanks that get blown up outside Kharkiv isn't productive growth. You turn resources into scrap metal and for every tank you make you're not making a tractor or a lorry. Do you really think sending 400,000 young men to go camping in Ukraine for 3 years whilst selling discounted gas to China is helping Russia's economy ?
Joe, it is not that European countries told Russia, we don't want your gas anymore. Russia told Europe, you will not get any more Russian gas and cut the line. Russia was surprised that Europe actually managed to function without Russian gas and did not come crawling on their knees, please, please, sell us your gas at any price you want.
Most probably, all the bad decisions made in Kreml, and how they misjudge any situation tell us something important about how they see the world and themselves
@@doncarlodivargas5497 No it is not a misjudge, to be honest it is their nature.. They are always thought Russia is a superior race and other races should bow down to Russia.. it is in their blood the so called superior race..
No evidence of China and Russia going to war in the foreseeable future. They are semi allies to offset the west. More like China is like, "Russia is in a weak position. Putin needs this more than we do. Let us give him a one BS deal to milk Russia more while making us stronger." Because make no mistake. China loves this war too. Makes Russia weaker on their northern boarder. All while they get cheap oil, gas, and goods. I bet Russia is paying a premium for certain sanctioned goods too.
@@michaeldougherty6036 I think your right, if you never had good leadership how would you know what that looks like.. I think Gorbachev was heading in absolutely the right direction with glasnost and perestroika, but events overtook him and Putin rose.
Oh yes While u we’re struggling World bank has just declared Russian economy is 4 th largest , just took over Japan Highest growth in Europe, higher than USA😂😂
China’s dependence on Russian energy is why it’s the world’s largest manufacturer, and Germany’s short sightedness is the cause of its rapid de industrialization. But you only understand these relationships from a colonizer’s point of view. No wonder the west is so indebted
Interesting that Russia invaded Ukraine knowing full well that most of Europe would stop buying their oil and gas. It was a real gamble and for Russia, hasn't work out very well. Can't see it recovering until a completely new Russian governance is in place.
Spot on ! A new government and an incredibly huge reparations check for Ukraine. russia won't recover until it has a stable source of export income. The damaged western built refineries can't be repaired until sanctions are lifted. That won't happen until the check clears.
Putin thought the war would be over before the lazy and decadent West could react and everyone would choose to accept the invasion rather than confront him.
Historically, Russia's largest gas customer, Germany, has compliantly overlooked Russian wars of aggression, human rights violations and the murder of opposition members. Putin obviously expected this to continue and Germany to use its strong political influence on the EU.
I'm not sure that Russia realized the EU would stop buying. They, and the US, didn't really have a big reaction th the 2014 annexation in Eastern Ukraine. They probably expected the 'special military operation' would be a quick fait accompli with no serious consequences.
@@richardcutts196 • I think you're right that Putin did not think Europe would stop buying. I think he suffered the problem that many leaders and ordinary people do, which is to believe your own press. When you're constantly talking about how weak your opponents are but how strong and mighty you are, it's easy to make such a mistake. To make matters worse, as an authoritarian, Putin was surrounded by "yes" men, who might have been able to warn him that now was not a good time. Putin’s move played right into the hands of the climate activists. I foresee bad times ahead for the Russian people.
Russian TV was even broadcasting images of Europeans freezing without Russian Gas. This was the dream of Putin, something he and his advisers had predicted. Luckily dreams only happen in your sleep 😂
Good analysis. One important thing to correct is - Russia stopped supplying the gas to major Europian countries by themselves. That was not a result of sanctions, rather part of blackmail strategy by Putin and attempt to use gas supply as part of hybrid warfare against West.
We have to remember that European Union 🇪🇺 made plans to switch to LNG if necessary already 2014 when Ruzzia annexed Crimea. European Union 🇪🇺 made plans ready if the supply is compromised. When Ruzzia then attacked the Ukraine 🇺🇦 European Union 🇪🇺 built 42 LNG terminals around the Europe in less than a year.
It's amazing how easy propaganda is spread when it takes 3secs on Google: "From a time perspective, an LNG Terminal would take about 5 -7 years to build and start operating; whereas an FSRU can be erected in about 3 years.Feb 6, 2023" And you say they built 42 in a year...😂😂😂
Close enough, you nailed the big picture. 42 terminals may have come online since 2014, but they took 5-7 years to build each one. In the last 2 years, 8 new terminals have come on line and 4 existing terminals completed expansion. Even a pre built floating terminal takes almost a year to make operational.
Russia will give in to China’s demands when Russia is desperate and panicking. China knows this all too well. Time is on their side. Unlucky Russia, it looks like you’ll have to give in to your more powerful neighbour 🤣🤣
@@CarlozsYT půțịŋ has basically given chynah unofficial permission to begin developing their former territory in ruZZia's far east, Methinks because ruZZia can no longer afford to provide support Economically. Re: Konstantine, Inside Russia YT channel.
Do you want to know what friends are for ? Friends never swim alone. If approached by a shark, you don't have to be faster than the shark. You just have to be faster than your friend. China is watching russia get eaten by Ukraine. That's what friends are for.
Joe Blogg's video series provides a rich source of information on a wide spectrum of subjects. Viewers owe Joe a deep appreciation of the work he puts in preparation. Thank you, Joe.
The brotherhood pipeline, the major one crossing Ukraine, concludes it's lease with Russia this year. That means the EU sales remaining to Russia - Hungry, Slovakia, and Austria are going away.
Possibly, it's definitely going to be an issue. I believe use of the pipeline will probably continue after the lease expires, for diplomatic reasons. However, postwar Ukraine will own all the gas moving thru it, (reparations). Orbàn is gonna hate having buy gas from Ukraine, at market prices, no discount. It will also give Ukraine leverage over Hungarian attempts to block NATO membership.
@@scottstewart5784 I see the same it is very annoying that it does not say what language YT thinks the source is, I put "Putler" in to Google translate auto detect and it comes up as Turkish = Idol in English LOL I learned something new.
@@drscopeify I think they make the offer to translate if the word doesn't seem like English AND if there is a language where the word might be a word. Their AI doesn't get irony or comedy or context or nuance.
British Columbia, on Canada's Pacific coast is expecting the $40B LNG plant to begin operations this year. That location is very good for supplying to Asia. The US container world on the West coast has found out just how convenient the shippers find Vancouver & Prince Rupert ports & today they are the busiest ports out there.
I am sceptical of the Chinese demand growth estimate. They are starting to come down from their demographic peak and much of the world is onshoring manufacturing. I expect their energy demand to remain level or drop off. Japan had a similar situation and Japan's energy consumption has dropped off over the last twenty years.
As you have reported several times , right now the Chinese economy is not particularly liquid. China has managed to create 2 totally solar cities that export a massive amount of electricity into their grid Three years ago they commissioned their first thorium liquid salt reactor and I think no 3 is about the be fired up So China will not be interested in building a russian pipeline However watch what happens in Afghanistan What was strange about your charts is they show increases in both the volume & value of refined oil products despite around 20% of the capacity being blown up . So those figures may be a little rubbery .
I want to thank you for your videos. They are so informative. I'm a retired high school science teacher, chemistry and I really enjoy the specifics of your discussions
As a Swede, as well as for anyone having grown up in the vicinity of Russia i guess, it's just sweet to see the evil empire crumble. May it break up as soon as possible! May the Russians learn their lesson about arrogance.
Russia has to get to work. Produce more than weapons, stop living off the exploitation of natural resources, and accept that all neighbors have a less than fraternal feeling for them (and rightly so...).
Absolutely, but they have been running a nasty hybrid war for more than a decade against Europe and our developed partners. It is not like we are going to help Russia with trade or technology any time soon. They will have to show real progress in transparency, democracy and their behaviour against other countries.
Hydrogen is no source of energy, it is just an intermediate storage. As far as I understand, storaging and transporting hydrogen is far more difficult than playing with LNG.
China has done a great job with renewables to reduce its reliance on fossil fuels. As one of the largest polluters in the world, I hope that China stays on track with their reduction of CO2 and doesn't start increasing their dependence again.
I think we also need to factor in that China's population is falling at a greater rate than it tells the world, hence the millions of empty apartments, so they know that their energy needs will eventually drop off. It's renewable sources are growing every year and once it gets its storage solutions in place, oil and gas will become redundant. In that case, paying for a gas line would be a waste.
If I remember well, Shell (from my country NL) constructed the immense pipeline from Siberia to China; a task which no country could achieve... Not proud of this now...
China wants the West to think China wants to be green. When China stops building coal powered plants (much less roll them way back like the US is doing) I "might" believe China is really going green. Until then, I get to watch rising levels of mercury floating to the US from China....
Putin's advisers were 100 percent certain that the EU would be forced to continue buying Russian natural gas because there were no alternatives. But what happened? Sure, we got crazy utility bills for six months or so...at least here in Sweden, .but we got through it. So now Russia has lost its most important buyer for both oil and natural gas forever. Well done, Europe.
No one likes to admit it but china is the most innovative and strongest player in a green transition, not cause they give a you know what about global warming but because fossil fuel dependence means limiting geo political independence. China has deep issues with their system, but That’s a lesson Europe and the US should whole Heartedly take. Green funding is just as consequential as military funding for strategic flexibility
Not only their own independence, but cutting fuel demand has the nifty side benefit of hurting the US economy which is quite dependent on exporting oil and refined product.
The problem is pipelines are a tool during peacetime. There are Target during war. If this were continues a couple more years, the pipelines out of Russia will almost certainly be cut by Ukrainian military operations
@@almaddow3229 Really? I’ve seen every single comment you’ve made on RUclips. Pro Kremlin propaganda toeing the party lines. HUGE RED FLAG bro. You’re flat out lying 🤥 🤖🤖🤖🤖
At the end of 2024, a 5 year agreement expires governing one of the oldest and biggest economic links between Russia and Europe: the transit of Russian gas through the territory of Ukraine. Kyiv has already said it will not extend the agreement. Russia would take a financial hit if it could no longer transport its gas via Ukraine.
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Energy is hard to store in large amounts but in constant daily demand, so an unreliable supply is virtually worthless, potentially even negative, especially when the supplier has such a terrible track record. After several generations of communist economics, Ruxxia has lost all understanding of international commerce.
I think Chinese gov does not want to be in same situation like Germans, depending on Russian gaz, even if it's cheaper. Maintain diversity always good as we could see, + that keep some pressure on Europe that would be happy to have more gaz from those countries that China wouldn't buy from anymore (or just less). Also, they'd probably be eligible to some possible sanctions if they openly buy more from Russia.
Its costing all of us as energy prices have sky rocketed here in the UK. Its also destroying Germany's industrial base. Energy companies are making and absolute mint while many struggle to heat there homes adequately.
If power of Siberia 1 cost 50 billion dollars, it's very hard to see how #2 could cost $15 billion. They are about the same length Edit: I see the estimate for POS1 was about $55bn, but WP said that 'to date' it cost about 1.1bn Ruble. ie around $20bn if I use 50 as the exchange rate. Which is obviously more like the $15bn claim for POS2. Even so, the idea that it actually cost less than half the initial estimate, lacks credibility, as does every other statement coming from Russians, ever.
I suspect that China’s decision has less to do with current politics and more to do with long term goals of becoming self sufficient, as well as reducing carbon emissions.
Just wanted to say that this video was quite good, even above your normal standard! I appreciate that someone has finally broken down why China didn't play ball with PoS2 with Russia instead of just hand-waving the reasons. Thank you!
Meanwhile, one of Australia's major iron ore miners is working to develop green hydrogen production and export, using the northern australian sunlight advantage, preparing to challenge Australia's natural gas exporters in the long run and using the same terminals.
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China want cheap gas, but not for Russia to blackmail them later
Siberian gas literally only had one buyer - China. Russia had no power in the negotiations. China can import (and is already importing) from Central Asian countries who don’t have a record of blackmailing their clients
Siberian gas also enters China in the North East, where China's own declining NG is located, so it enters at a point with transportation infrastructure and demand.
Power Of Siberia 2 enters further west, where as you point out China already has a large amount of Central Asian gas available, but all has to be moved thousands of Km.
China also imports a great deal of LNG, basically creating the enter industry.
A very Western Europe point of view, to sovereign nations not having a colony-master relationship and you guys think it’s the end of the world.
@@williamalexander9485 Very Russian point of view, to think these two countries don't have a colony-master relationship
@@neolithictransitrevolution427 No they don’t have a colony master relationship. They have a concept that has never been tried in Western Europe, it’s called a win win situation. They don’t have to conquer another and subjugate them for their sustenance. But Joe is. British so the history speaks for itself. The perfect international marriage is between a manufacturer and an energy and raw material supplier. They’ll be fine
@@williamalexander9485 China Russian relationship is not a win win, they are forced to work together due to a common threat. Russia is bleeding money selling energy cheap and China is losing their rich clients for manufacture goods in the awes t for supporting Russian. It’s more of a lose lose for both of them
Actually it wasn't Europe that reduced gas imports from Russia, it was Russia that stopped gas exports to Europa to freeze them out. It ended with the classical shot in the foot for Russia, though.
They eliminated, what was supposed to be a blackmailing tool.
I think it is a combination, where Russia's action was a catalyst to become independent of Russia.
It's not personal Sonny. It's strictly business!"
Get rid of gas and nuclear and replace it with solar. Brilliant move Angela.
Who cares. The headache is Russia's to solve.
Their people still use wood burning stoves so really why would anyone be fussed. All this is showing is that it's good news that Russia needs to beg their new masters the Chinese to build the pipeline which they have refused.
Good work Tony.
Reliance of Russia for anything? No thanks.
Creates a bit of a problem for China. Let’s say they pour a bunch of money in to this new pipeline- is the Russia we know still even going to be there?
They could get this great sweetheart deal on gas only for Putin to get deposed in 5 years and his successor to say “oh yeah that was the last guy, we’re actually charging you more” and there’s not much they could do.
Reliance on china for EVERYTHING, you say: yes, thank you?
@@tomshady3530
chynah is no more trustworthy than ruZZia.
Your comment is shady.
Much more dependable than the US who is always putting sanctions on everyone else and stealing their money.
Western Europe has been relying on Russia for the better part of 2 decades, and still are except they’re relying through third parties like India and Turkey at a 40% markup.
Simple: Russia's threat to cut off Germany "if" told China everything they needed to know.
True that .
No threat. They did cut the supply with the most olive leave excuse possible. In retrospect, Putin gambled that Germany would fold and allow Nord Stream 2 to be turned on. Big mistake.
I don't think the Chinese are stupid or naive enough to repeat Germany's blunder...
This is true. Who has the power in Russia is in the balance. China could poor tens of billions of dollars into this project and then suddenly Putin is replaced and the new guy prefers to sell the gas to Europe at market rates instead.
Exactly.
@@fredyyfredfreddydon't see Putin going anywhere soon
Russia is not trustworthy.
Right? Why would China pay up front when Russia is happy to destroy facilities on a whim? And it did so...very publicly?
China has Russia over a barrel or a big pipe in this instance. China is not bothered where it gets its gas from. It knows Russia needs this pipeline much more than it does.
Yeah Russia is going to end up having to pay for the pipeline in full - probably for a contract China picks with a chinese company - and then they get to sell gas (at a discount of course) as long as they keep master Xi happy.
One dictator screwing over another, who would have seen it coming.
Do you think China can just go and pick it up on a truck tomorrow.
China doesn’t need to pick it up. China already has deals in place to purchase all the gas it needs.
This new supply from Russia would be for in the future.
So China doesn’t need the gas from Russia and will be taking a risk to pay for the part of the pipeline that won’t deliver anything for years.
We don’t know that China hasn’t already decided that if Russia starts to collapse politically that China won’t do a land grab of Russia ( under the pretence of protecting Chinese citizens). Also if Russia becomes unstable then the pipeline may never get finished.
That is why China is wanting Russia to pay for most of the pipeline and give guaranteed low prices for the gas. China knows Russia has no one else to sell it to so can demand what it likes.
Yeah China isn't worried about Russia black mailing them like others are saying.
They are trying to milk Russia with their terms! Probably terms so skewed Putin was slapped in the face that their never ending friendship isn't really a friendship.
They (China) love this war. It weakens a potential huge enemy on their boarder. They get desperate Russian companies selling product to them. I am sure they are making a premium on sanctioned products.
Russia has ZERO leverage, and everyone knows it.
China has the patience to wait for their terms to be met. I wish I was there at that meeting!
Also Russia losing refined oil product production hurts them too. So they are getting more desperate for buyers I am sure with their state oil company losing 8 billion or so a year.
And the moral of the story is stop invading your neighbors!
Now I want see you explain the moral or the moral of the story to Russian trolls...
@@anomymouse5043 It's pointless, if those orks are easy to understand, there would be no ruskie infesting internet by now.
well America got away with it.Ask Mexico and the native Americans.The world has not forgotten.
@@Africanchild825 Except we Westerners are capable of learning from our mistakes and acknowledging past wrongs. Unlike certain other countries.
@@Africanchild825”America got away with it”?!? Sorry, did America say Iraq or Afghanistan should become two american states, part of the US? Do you even turn your brain on before talking?
Surprised?
No.
The collaboration between two large dictatorial nations is impossible in good times. In bad times like today, the only reason for this deal is desperation.
In natural gas business with unreliable partners, the sunken cost must be on the supplier, otherwise the opportunity for extortion is too tempting not to be taken.
Look at the Bolívia-Brazil pipeline. The moment they could, Bolivians threatened to cut the supply if Brazil did not agree to a price raise.
russia tried to use the pipelines in Europe to blackmail the EU. I wonder why China is not interested in more pipelines from such a reliable supplier? 🤔
OK, so list the many times Russia tried. Or is that simply US propaganda? And why is it the US continues to veto a UN investigation of NordStream? What are they attempting to hide?
And why pay for a pipeline if your trading partner have no qualms blowing it up?
Yet you can't name even one instance when Russia ever attempted to blackmail the EU can you?
@@michaelwilson9921of course i can, it happened in August 2022. Have you been living under a rock?
@@thegreatdane3627 Hey the EU wouldn't pay. That's certainly not Russia's fault. The US wanted sanctions, so it's their fault.
Gee, who could have ever seen THAT coming?!
Rather than making hay while the sun shone, Putin has accelerated Russia’s demise.
I say the same thing. Oil is a significant percentage of Russia's revenue. Putin has doomed the Russian economy for decades, if not centuries, to come. History will record what Russia did to the EU's economy 👈🏾
But not Putin's. Fascist Putin only cares about himself.
Oh yes
Unfortunately propagandas don’t work
World bank has just declared Russian economy is 4 th largest , just took over Japan
Highest growth in Europe, higher than USA😂😂
Russia is doing just fine, their economy is booming.
Although if you listen to globalist news yeah you might believe the propaganda but truth is Russia is booming.
Its the west that is collapsing.
Like China has the lowest inflation rate at 0.1 percent in March 2024.
China has recently discovered a massive oil deposit. The 100 million-ton oil reserve in the South China Sea, found in the Kaiping South Oilfield 300 kilometers off the coast of Guangdong province, further enhances China's resource wealth.
Yes, the world is facing tough times, but unlike England and America, which are undeniably experiencing financial and cultural collapse, China and Russia are likely to emerge relatively unscathed.
@@sharmana100 Oh yes
Unfortunately propagandas don’t work (sorry we didn't know the SU-57 was an invisible stealth plane) 😲
Putin has just declared Russian population takes 10,000 losses a month, Highest KIA toll in Europe, higher in two months than what the US lost in Iraq and Afghanistan in 40 years.
Also lol an economy built on manufacturing planes that crash into South Ossetia or tanks that get blown up outside Kharkiv isn't productive growth. You turn resources into scrap metal and for every tank you make you're not making a tractor or a lorry. Do you really think sending 400,000 young men to go camping in Ukraine for 3 years whilst selling discounted gas to China is helping Russia's economy ?
Maybe China is asking for Outer Manchuria back as a compensation ...
Even China recognizes, dependency on Russian gas in pipes, is a bad idea...
China likes to be depended.🕸😗
Joe, it is not that European countries told Russia, we don't want your gas anymore.
Russia told Europe, you will not get any more Russian gas and cut the line.
Russia was surprised that Europe actually managed to function without Russian gas and did not come crawling on their knees, please, please, sell us your gas at any price you want.
Most probably, all the bad decisions made in Kreml, and how they misjudge any situation tell us something important about how they see the world and themselves
So russia cut the line even though they denied it ???????
Europe was already in the process of ending its reliance on Russian gas....Putin just made the announcement to end the supply for propaganda purposes
@@doncarlodivargas5497 No it is not a misjudge, to be honest it is their nature.. They are always thought Russia is a superior race and other races should bow down to Russia.. it is in their blood the so called superior race..
I saw these ads on another channel. Very arrogant. How funny how little they understand in spite of most people in their embassys are spies.
China:"Sorry Russia, but we don´t want to be reliant on energie from a country that we could be at war with in the future."
Russia:"Wait, what?"
🙂
When it comes to the historical territories of others, the Putin regime is remarkably clueless.
No evidence of China and Russia going to war in the foreseeable future. They are semi allies to offset the west.
More like China is like, "Russia is in a weak position. Putin needs this more than we do. Let us give him a one BS deal to milk Russia more while making us stronger."
Because make no mistake. China loves this war too. Makes Russia weaker on their northern boarder.
All while they get cheap oil, gas, and goods. I bet Russia is paying a premium for certain sanctioned goods too.
It's smart for China to play hardball with Russia.
It just goes to show the limits on the "no limits" partnership
📝😂
Unlimited friendship between china and russia 😂😂😂
With "friends" like these who needs enemies.
golf carts. :D
The sooner Russia ditch the muppet the sooner it can get back to being a nation again.
It’s going to take a long time before russia will be excepted as a country to trade with
@@camo6344
Without a major Geopolitical shift in ruZZia, it could be decades or not at all.
He's just the latest "muppet". Russia hasn't had leadership that cared for its people in centuries.
@@michaeldougherty6036 I think your right, if you never had good leadership how would you know what that looks like.. I think Gorbachev was heading in absolutely the right direction with glasnost and perestroika, but events overtook him and Putin rose.
Don't correct your enemy while it's making mistakes 😂
Putin has made a real mess of everything.What a fool.😂
The real tragedy is that he can't and won't be told. He just has to find out the hard way.
Oh yes
While u we’re struggling
World bank has just declared Russian economy is 4 th largest , just took over Japan
Highest growth in Europe, higher than USA😂😂
@@sharmana100Cope Ivan
@@alexandrecouture2462umm is he talking about growth or the gdp
@@AnmolX-jw8jr And you know GDP is unreliable sources for a country that in wartime economy.
Russia needs to respect chinas sphere of influence 😂😂😂
China’s dependence on Russian energy is why it’s the world’s largest manufacturer, and Germany’s short sightedness is the cause of its rapid de industrialization. But you only understand these relationships from a colonizer’s point of view. No wonder the west is so indebted
Interesting that Russia invaded Ukraine knowing full well that most of Europe would stop buying their oil and gas.
It was a real gamble and for Russia, hasn't work out very well.
Can't see it recovering until a completely new Russian governance is in place.
Spot on ! A new government and an incredibly huge reparations check for Ukraine. russia won't recover until it has a stable source of export income. The damaged western built refineries can't be repaired until sanctions are lifted. That won't happen until the check clears.
Putin thought the war would be over before the lazy and decadent West could react and everyone would choose to accept the invasion rather than confront him.
Historically, Russia's largest gas customer, Germany, has compliantly overlooked Russian wars of aggression, human rights violations and the murder of opposition members. Putin obviously expected this to continue and Germany to use its strong political influence on the EU.
I'm not sure that Russia realized the EU would stop buying. They, and the US, didn't really have a big reaction th the 2014 annexation in Eastern Ukraine. They probably expected the 'special military operation' would be a quick fait accompli with no serious consequences.
@@richardcutts196 • I think you're right that Putin did not think Europe would stop buying. I think he suffered the problem that many leaders and ordinary people do, which is to believe your own press.
When you're constantly talking about how weak your opponents are but how strong and mighty you are, it's easy to make such a mistake.
To make matters worse, as an authoritarian, Putin was surrounded by "yes" men, who might have been able to warn him that now was not a good time. Putin’s move played right into the hands of the climate activists.
I foresee bad times ahead for the Russian people.
Russian TV was even broadcasting images of Europeans freezing without Russian Gas. This was the dream of Putin, something he and his advisers had predicted. Luckily dreams only happen in your sleep 😂
And it turned out that the EU carried on fine and it was the Russians freezing without Russian central steam. 😂🤣
Poor vlad isn’t the sharpest tool in the shed 😂
@@Kodakcompactdisc God! this is so true.Putin is pitiful
Who Flung Dung, backs the Tzar into a corner.
Good analysis. One important thing to correct is - Russia stopped supplying the gas to major Europian countries by themselves. That was not a result of sanctions, rather part of blackmail strategy by Putin and attempt to use gas supply as part of hybrid warfare against West.
Putin threw a haymaker that we saw coming a mile away -- and dodged easily.
We have to remember that European Union 🇪🇺 made plans to switch to LNG if necessary already 2014 when Ruzzia annexed Crimea. European Union 🇪🇺 made plans ready if the supply is compromised. When Ruzzia then attacked the Ukraine 🇺🇦 European Union 🇪🇺 built 42 LNG terminals around the Europe in less than a year.
Wow... That was fast....
It's amazing how easy propaganda is spread when it takes 3secs on Google: "From a time perspective, an LNG Terminal would take about 5 -7 years to build and start operating; whereas an FSRU can be erected in about 3 years.Feb 6, 2023"
And you say they built 42 in a year...😂😂😂
The plans were ready to go. Using LNG terminal ships like in Finland and Estonia. You are free to Google it.
All the environmental issues were ironed out in the beginning so the permits were ready to go.
Close enough, you nailed the big picture.
42 terminals may have come online since 2014, but they took 5-7 years to build each one. In the last 2 years, 8 new terminals have come on line and 4 existing terminals completed expansion.
Even a pre built floating terminal takes almost a year to make operational.
Russia will give in to China’s demands when Russia is desperate and panicking. China knows this all too well. Time is on their side. Unlucky Russia, it looks like you’ll have to give in to your more powerful neighbour 🤣🤣
At every opportunity I tell Russian apologists to learn Mandarin.
China wants some chunks of Russia for itself
@@corneliusantonius3108parts they lost to Russia decades ago including Vladivostok
@@oldgreybeard2507 according to Kasparov, big part of asian side of Russia is learning mandarin in schools as a second language already
@@CarlozsYT
půțịŋ has basically given chynah unofficial permission to begin developing their former territory in ruZZia's far east, Methinks because ruZZia can no longer afford to provide support Economically. Re: Konstantine, Inside Russia YT channel.
Russia is a gas station that is fast losing customers……..writing is on the wall!!!
But, I thought China and Russia had a friendship that was without limit! 😮
They said that with crossed fingers. When the going gets tough, you'll know your true friends.
Do you want to know what friends are for ?
Friends never swim alone. If approached by a shark, you don't have to be faster than the shark. You just have to be faster than your friend.
China is watching russia get eaten by Ukraine.
That's what friends are for.
@@dr.williams5251 Always have friends, so you can run while they're distract. They say.
More Russia B/S, it’s the only thing they know.
I guess Russia and China are discovering the limits of limitless friendship
Joe Blogg's video series provides a rich source of information on a wide spectrum of subjects. Viewers owe Joe a deep appreciation of the work he puts in preparation. Thank you, Joe.
NEWS!!!! China needs to get an award, they have made Bio-degradable concrete!!!!!. Which is why bridges collapse.
And they built the Great Wall all those years ago with rice water cement which is still sound; oh, the irony.
@@kevinmoffatt hmm well, the 2km of left standing, are.
Things are not going very well for Putler! He should fast forward to the "bunker" scene.
Hopefully they cross promote the history channel with mtv cribs because he has one of the sweetest bunkers of mankind! 😅
Poor putler isn’t very bright, thankfully 😂
Why would China increase gas imports from Russia? So Russia can use it to try and blackmail them later on?
Unlimited friendship in Chinese means "Anything that benefits me".
Russia is exactly the right country for this kind of friendship.
China cares only about China.
The brotherhood pipeline, the major one crossing Ukraine, concludes it's lease with Russia this year. That means the EU sales remaining to Russia - Hungry, Slovakia, and Austria are going away.
Possibly, it's definitely going to be an issue. I believe use of the pipeline will probably continue after the lease expires, for diplomatic reasons. However, postwar Ukraine will own all the gas moving thru it, (reparations). Orbàn is gonna hate having buy gas from Ukraine, at market prices, no discount. It will also give Ukraine leverage over Hungarian attempts to block NATO membership.
Oh dear. How sad. Never mind.
😂😂😂 Putler
Google offered to translate your putler comment into English - it says it means "Idols."
@@scottstewart5784 I see the same it is very annoying that it does not say what language YT thinks the source is, I put "Putler" in to Google translate auto detect and it comes up as Turkish = Idol in English LOL I learned something new.
@@drscopeify I think they make the offer to translate if the word doesn't seem like English AND if there is a language where the word might be a word. Their AI doesn't get irony or comedy or context or nuance.
@s : The gold and silver ones, no doubt.
@@scottstewart5784idiot you mean 😂
British Columbia, on Canada's Pacific coast is expecting the $40B LNG plant to begin operations this year. That location is very good for supplying to Asia. The US container world on the West coast has found out just how convenient the shippers find Vancouver & Prince Rupert ports & today they are the busiest ports out there.
Canada is the complete opposite of Russia when it comes to friendliness.
Russia really thinks we care about them 😂😂😂
I am sceptical of the Chinese demand growth estimate. They are starting to come down from their demographic peak and much of the world is onshoring manufacturing. I expect their energy demand to remain level or drop off. Japan had a similar situation and Japan's energy consumption has dropped off over the last twenty years.
"limitless" friendship at it's best!!
As you have reported several times , right now the Chinese economy is not particularly liquid.
China has managed to create 2 totally solar cities that export a massive amount of electricity into their grid
Three years ago they commissioned their first thorium liquid salt reactor and I think no 3 is about the be fired up
So China will not be interested in building a russian pipeline
However watch what happens in Afghanistan
What was strange about your charts is they show increases in both the volume & value of refined oil products despite around 20% of the capacity being blown up .
So those figures may be a little rubbery .
The Power of Siberia, Aka POS
😂
I am grateful to begin my day with your outstanding program. Every day!
Way to go, brother. 5:17 😊
I want to thank you for your videos. They are so informative. I'm a retired high school science teacher, chemistry and I really enjoy the specifics of your discussions
Good job, Brother Joe!
As a Swede, as well as for anyone having grown up in the vicinity of Russia i guess, it's just sweet to see the evil empire crumble. May it break up as soon as possible! May the Russians learn their lesson about arrogance.
China wants Russia to be completely dependent on it, but not to be dependent on Russia in any way.
That is the dream of most every commodity producer.
❤ "unfortunately for Russia" ❤ - how many times have you used that lovely phrase in this video?
Joe probably even has the t-shirt from the other YT channel reporting on Russia! :D
@@advancetotabletop5328 Yes, I has same thought!
Russia has to get to work. Produce more than weapons, stop living off the exploitation of natural resources, and accept that all neighbors have a less than fraternal feeling for them (and rightly so...).
Absolutely, but they have been running a nasty hybrid war for more than a decade against Europe and our developed partners.
It is not like we are going to help Russia with trade or technology any time soon. They will have to show real progress in transparency, democracy and their behaviour against other countries.
Hydrogen is no source of energy, it is just an intermediate storage. As far as I understand, storaging and transporting hydrogen is far more difficult than playing with LNG.
Good decision by Chinese government!!!! As an green energy activist I appreciate it . Thank you China 🇨🇳
China has done a great job with renewables to reduce its reliance on fossil fuels. As one of the largest polluters in the world, I hope that China stays on track with their reduction of CO2 and doesn't start increasing their dependence again.
They won't, they don't have the oil or gas or coal reserves.
I think we also need to factor in that China's population is falling at a greater rate than it tells the world, hence the millions of empty apartments, so they know that their energy needs will eventually drop off. It's renewable sources are growing every year and once it gets its storage solutions in place, oil and gas will become redundant. In that case, paying for a gas line would be a waste.
@IslamicOrigins • China's investment in hydrogen also shows that it is serious about energy independence.
Joe, you aren't always the first with news, but love your detailed analysis.
As always, simply superb report
And china is closing nucleair powerplants and take the coal powerplants back for at least the last 8 years
The POS 2 got flushed. 😅
Thanks!
Looking at the map, China could easily extend the gas import pipeline capacity by simply retaking Vladivostok 😂
Just like nato has conquered Russia
@@sharmana100 nonsense. Nobody wants to go to that dirty sh*thole.
If I remember well, Shell (from my country NL) constructed the immense pipeline from Siberia to China; a task which no country could achieve... Not proud of this now...
Slava Ukraini 🇺🇦🇺🇦🇺🇦
..Glory to All of the Heroes of Ukraine. … Thanks Joe for the update …. 💙💛💙
A pipeline called the POS 2...... Sounds appropriate! 🤣
Putin can't even pass flatus to others.
Hey Joe!
Thank you Joe
Putin silly boy
This is an excellent look into things I had not heard of
China would be wise not to do any business deals with Russia.
China: 📉🌀
China wants to be green. And that's a good thing.
China wants the West to think China wants to be green. When China stops building coal powered plants (much less roll them way back like the US is doing) I "might" believe China is really going green. Until then, I get to watch rising levels of mercury floating to the US from China....
Mr Putin, the gentlemen over there have bought you lunch. Please enjoy your Novichok sandwich!
Putin's advisers were 100 percent certain that the EU would be forced to continue buying Russian natural gas because there were no alternatives. But what happened? Sure, we got crazy utility bills for six months or so...at least here in Sweden, .but we got through it.
So now Russia has lost its most important buyer for both oil and natural gas forever. Well done, Europe.
No one likes to admit it but china is the most innovative and strongest player in a green transition, not cause they give a you know what about global warming but because fossil fuel dependence means limiting geo political independence. China has deep issues with their system, but That’s a lesson Europe and the US should whole
Heartedly take. Green funding is just as consequential as military funding for strategic flexibility
Not only their own independence, but cutting fuel demand has the nifty side benefit of hurting the US economy which is quite dependent on exporting oil and refined product.
The problem is pipelines are a tool during peacetime. There are Target during war.
If this were continues a couple more years, the pipelines out of Russia will almost certainly be cut by Ukrainian military operations
Joe, how can you hold yourself not to laugh when you start every video about Russia 😅😅😅😅😅
You should learn english first before trying to be funny!
You’re a Kremlin bot 🤖
@Robbie643 you are a liar 🤣🤣🤣🤣🤣
@@almaddow3229 Really? I’ve seen every single comment you’ve made on RUclips. Pro Kremlin propaganda toeing the party lines. HUGE RED FLAG bro. You’re flat out lying 🤥 🤖🤖🤖🤖
@@almaddow3229gavgavgav tovarich. Igor, go home 😂
At the end of 2024, a 5 year agreement expires governing one of the oldest and biggest economic links between Russia and Europe: the transit of Russian gas through the territory of Ukraine. Kyiv has already said it will not extend the agreement. Russia would take a financial hit if it could no longer transport its gas via Ukraine.
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Energy is hard to store in large amounts but in constant daily demand, so an unreliable supply is virtually worthless, potentially even negative, especially when the supplier has such a terrible track record. After several generations of communist economics, Ruxxia has lost all understanding of international commerce.
Putkin can not understand he is in the trap😂 China is the new boss for him
I think Chinese gov does not want to be in same situation like Germans, depending on Russian gaz, even if it's cheaper. Maintain diversity always good as we could see, + that keep some pressure on Europe that would be happy to have more gaz from those countries that China wouldn't buy from anymore (or just less). Also, they'd probably be eligible to some possible sanctions if they openly buy more from Russia.
Another good one. Warmest compliments. Thank you, sir. :)
We have a joke in my country:
"Why Russia does not export bicycles ?
Because they haven't found underground deposits of bicycles in Siberia yet..."
Its costing all of us as energy prices have sky rocketed here in the UK. Its also destroying Germany's industrial base. Energy companies are making and absolute mint while many struggle to heat there homes adequately.
Thank you. Very informative.
Pipe dream .
Gazprom is pucked
*Siberia?! Huh? It’s called Outer Mongolia… well it was up until the 1850s* 😉
Thank you, Joe.
Should not try to blackmail your customers.
I wonder how vulnerable their pipelines in Russia are to sabotage. Seems like something locals could be encouraged to do when the price is right…
If power of Siberia 1 cost 50 billion dollars, it's very hard to see how #2 could cost $15 billion. They are about the same length
Edit: I see the estimate for POS1 was about $55bn, but WP said that 'to date' it cost about 1.1bn Ruble. ie around $20bn if I use 50 as the exchange rate. Which is obviously more like the $15bn claim for POS2.
Even so, the idea that it actually cost less than half the initial estimate, lacks credibility, as does every other statement coming from Russians, ever.
I suspect that China’s decision has less to do with current politics and more to do with long term goals of becoming self sufficient, as well as reducing carbon emissions.
The world is a wonderful place! It's good to get a good laugh in the morning.
Just wanted to say that this video was quite good, even above your normal standard! I appreciate that someone has finally broken down why China didn't play ball with PoS2 with Russia instead of just hand-waving the reasons. Thank you!
No country wants to be beholden to Putin/Russia for their vital energy supply 😂😂😂
Meanwhile, one of Australia's major iron ore miners is working to develop green hydrogen production and export, using the northern australian sunlight advantage, preparing to challenge Australia's natural gas exporters in the long run and using the same terminals.
Water hydrolysis actually produces two gases that burn cleanly.
Laser based production of hydrogen is much more efficient than electricity.