The route of Russian authorities to divert energy supplies to the Asia-Pacific region could pose a great risk for Moscow. In the foreseeable future, the Russian Federation may face a sharp decrease in the number of buyers of its natural resources, which will lead to an additional decrease in prices, including for gas export products. opens Words from the Financial Times newspaper by Pierre Andurand, founder of hedge fund Andurand Capital.
“Russia has permanently lost its largest consumer, the European Union, and it will take at least a decade to build enough pipelines to divert those gas sales to Asia. “When Russia can only sell gas to China, Beijing will be able to set the price,” he said.
According to him, the problem of lack of infrastructure capacity primarily concerns regions such as Siberia and the Far East. Existing pipelines cannot exceed such a large volume of lost energy resources that entered the European market before international sanctions.
February 11, Pierre Andurand, head of hedge fund Andurand Capital declarationBy early 2023, Russia had already lost its energy war with the European Union (EU). This is due to the fact that the European states quite soon learned to do without the supply of fuel from the Russian Federation and switched to importing alternative suppliers.