Pre Ukraine war, Russia supplied Europe with ~150bn cubic meters of gas per year. After Power of Siberia 2 is built up to 100bn in cubic meters can potentially flow to China via the two major pipelines. So China will roughly absorb 2/3 of the previous Euro flows. That's pretty significant. Gives China a lot of leverage, but i would argue it adds to Russia's leverage with China as well. The loser here? US neocons that through dumb fuck actions has led China to have long term massive energy flow to them from Russia. Was the Ukraine war worth it?
Realistically, what was Europe's alternative once the Ukraine war broke out? "Oh no, you have us completely by the balls because we depend on your oil and gas so much; guess you can have all of Ukraine... but you surely wouldn't weaponize this same leverage to take the Baltics or Moldova, right? Right?!"
The stuff you write about gas flows is misleading as well. You make it sound as if Russia is rerouting the same gas which was previously going to Europe to China now, but that's not true. The pipelines to Europe are not fueled from the same gas fields as the Power of Siberia pipelines to China. Since the demand in China is huge and Russia sits on enormous, mostly untapped fields in "nearby" Siberia, such an arrangement between Russia and China was always coming in the long run, irrespective from what happens on the European side of Russia. The Ukraine war only sped up this timeline, but geostrategically, the West was never gonna stop China from getting access to Russian gas in the long run.
Russia could have had humming pipelines to the west and the east; now, they're reduced to round about half the revenue. They, alongside Europe itself, are the big losers of the EU/RUS trade breaking down. For the US and Canada, it's actually a wash - higher revenue from LNG, but also weakens the economy of their European allies.

This post was edited by Black XistenZ on Sep 5 2025 02:06pm