(Opinion) Bad news for the European Commission (EC). To replace the money lost by not starting Nord Stream 2, Russia is building a “river” to China.
“Power of Siberia 2” is expected to run until 2024.
With cheap Russian gas, China is likely to leave the EU behind. China will be able to run its factories at full capacity, with lower costs and higher profits.
Europe’s gas shortage means that metallurgy, heavy industry, steel, chemicals, tableware manufacturing and many other energy-intensive industries will no longer be able to operate at competitive prices in Europe. . .
To read full NEWS and much more, Subscribe to our Premium Membership Plan. Already subscribed? Login Here
