For new gas pipelines, timing is everything. This especially applies to the new 38 Bcm/y ‘Power of Siberia (PoS)’ link that will elevate China to become Gazprom’s second largest export market. However, analysts say considering the cost of transporting Russian pipeline gas over thousands of miles towards Beijing and Shanghai, it is unlikely that CNPC will want to quickly ramp up PoS gas supply at the expense of imported LNG.
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