Russian President Vladimir Putin and Chinese President Xi Jinping at the BRICS summit at the Itamaraty palace in Brasilia, Brazil, Nov. 14, 2019 (AP photo by Eraldo Peres).

Natural gas started flowing from Russia to China for the first time on Dec. 2 when Russian President Vladimir Putin and China’s leader, Xi Jinping, officially launched the initial phase of a huge new pipeline known as the Power of Siberia. Gazprom, Russia’s state-owned energy giant, claims it is expected to generate $400 billion in revenue—its largest export contract ever. The potentially lucrative pipeline also has clear geopolitical undertones, accelerating the strategic entente between the world’s second-largest gas producer and Asia’s biggest economy at a time when both Russia and China are pushing back against the global influence of the […]