'..liquefied natural gas (LNG) is becoming more available..'<blockquote>' "The contract between Russia and China for gas supplied via the western route known as Power of Siberia-2 is being delayed indefinitely, Vedomosti cited Russian officials. They say China is reviewing its energy needs due to the economic slowdown.
The demand growth for gas in China is slowing, at the same time access to liquefied natural gas (LNG) is becoming more available in the country, for example from Australia, due to the fall in oil prices, Sberbank CIB analyst Valery Nesterov told Vedomosti on Wednesday."
..
So how’s that pivot to Asia working out, Vladimir? Timing is everything in life, and Putin is counting on China precisely when China has its own issues to deal with. If China was continuing to power forward, Putin’s pivot would have turned him into China’s pilot fish. Now even being a pilot fish looks out of reach.
To all those who hyperventilated at the announcements of huge Sino-Russian gas deals: when will you people learn to discount virtually anything Gazprom says down to just above zero? That’s especially true when there was a huge political reason for Putin to hype such a deal. I guess suckers never learn.
The second part of the twofer here is the further evidence it provides of China’s economic troubles. Look at the commodity carnage going around: oil, copper, iron ore, gold, platinum, you name it are in the dumper. China put them there..'
- Streetwise Professor,
Vlad’s Pivot to Oblivion, July 22, 2015</blockquote>
Context<blockquote>
China - 'The government’s market meddling is pushing historical price relationships to extreme levels.'(Global Credit) - '..More than 11 years ago Dr. Issing recognized the key issue for 2015..''..it will be critical for Russia's new leaders to eliminate the Chekist mindset.''America must lead, but mainly by example .. Most importantly, invest the savings to build a secure, dynamic, and prosperous America that others want to emulate.'(The Electric Universe - The Electric Sun) - Preview with Montgomery Childs: SAFIRE Project Update | EU2015</blockquote>