The authors argue that China’s recent intake of Arctic LNG-2 cargoes and the Xi–Putin push to expand Power of Siberia flows (and a “legally binding” memo on PoS-2, 50 bcma) are geopolitically significant but don’t materially displace LNG in the near term. The bigger shift is portfolio optionality for China in the 2030s: more pipeline flexibility, currency diversification, and leverage […]
