Power of Siberia 2 failure shifts energy power — NRG-IA

The Power of Siberia 2 deadlock and the decline of Russian energy leverage — what happened Gazprom loses the Power of Siberia 2 agreement as China rejects massive imports due to green expansion. Russian President Vladimir Putin left Beijing without signing a firm commercial contract for the new strategic 50-billion-cubic-meter-per-year pipeline. This negotiation failure marks a structural shift in the global market, where major hydrocarbon suppliers are losing their ability to dictate prices to buyers rapidly building their own energy independence. While Moscow hoped to replace the lost European market with China, Beijing is using its dominant position to demand extremely low prices, close to Russia's subsidized domestic market rates. This dynamic demonstrates that merely possessing massive oil or gas reserves no longer guarantees geopolitical leverage if the buyer has viable technological alternatives. Romania finds itself in a similar transition phase, where vulnerability to…