Russia is the second-largest producer and the largest exporter of natural gas in the world. The country’s most important customers are in Europe where the bulk of its exports are consumed. The completion of the Power of Siberia pipeline, however, could be a pivotal moment for Moscow as it reduces its reliance on traditional customers in the West. Besides Russia’s relations with Europe, the completion of the pipeline could also affect the import of LNG into China and potentially the trade deal between Beijing and Washington. China’s moment Few countries are as important for the international gas market as China. The Asian country’s economic development has made it the single most important market for exporters. China accounts for more than 40 percent of the growth in international gas demand. Natural Gas The U.S., on the other hand, is the largest contributor to production in the world. The country will […]