The Duran Podcast Power of Siberia 2. EU faces dark, EXPENSIVE energy future
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Sep 8, 2025 The podcast dives into the strategic Power of Siberia 2 pipeline agreement, highlighting the renewed commitment between Russia and China amidst geopolitical tensions. It discusses the shifting energy alliances resulting from Europe's declining ties to Russian gas, raising concerns about Europe's energy future and costs. Analysts express skepticism about the new pipeline's sustainability, while Turkey’s pivot towards Eastern partnerships is examined, showcasing its growing reliance on Russian energy. The discussion provides insight into the broader socio-economic impacts affecting nations like Mongolia.
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Europe Loses Major Pipeline Gas
- Power of Siberia 2 redirects gas once destined for Europe to China via Mongolia, creating a permanent eastward shift.
- Alexander Mercouris and Alexander Christoforou argue the pipeline deal is effectively done and will likely start around 2030.
Memorandums Signal Near-Final Deals
- Russia and China treat memorandums of understanding as near-final agreements with most documentation already settled.
- Alexander Christoforou says when Putin and Xi endorse a deal, it is effectively guaranteed to be built.
Arctic Gas Flows East, Hitting LNG Demand
- Gas from Arctic fields once intended for Europe will now flow east to China and be contractually committed.
- This will reduce China's demand for expensive LNG and reshape the global LNG market and investments.