Jeroen Laemers

En dat is geen goed nieuws voor Poetin c.s.:

The projected Altai pipeline, also known as the “western route,” could bring up to 30 billion cubic meters (bcm) of gas a year to China from Russia, potentially allowing Moscow to play Europe against China for a better gas price. Before his upcoming trip, Putin told the media that Moscow and Beijing had already “reached an understanding in principle concerning the opening of the western route,” and had “agreed on many technical and commercial aspects of this project.”

But despite Putin’s rosy outlook, all is not well in Russia-China gas relations, comments from industry insiders and analysts have revealed. Not only is the “western route” project likely to prove elusive for Putin to nail down in Beijing, but a key detail of the “eastern route” gas pipeline deal that China and Russia signed in May has yet to be worked out. And given the Chinese side’s stinginess and the daunting and expensive task of building pipelines through thousands of miles of Siberian wilderness, both projects could prove to be minimally profitable for Russia, which receives half of its budget revenues from oil and gas sales.