The Shanghai Cooperation Organisation summit in Tianjin, China, marked a significant change in global energy politics. Leaders from India, Russia, and China openly embraced one another, indicating a new alignment. This summit centered around a memo for the Power of Siberia 2 (POS-2) pipeline, symbolizing a major shift in energy relationships worldwide.
1. New Energy Axis Formation:
The gathering of Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, and Chinese President Xi Jinping is a sign of a growing partnership among these major economies. The POS-2 pipeline will transport Russian natural gas to China, highlighting a tangible shift in their energy collaboration.
2. Impact on Europe and the U. S.:
Europe is losing its influence, particularly Germany, which historically relied on Russian gas. The shift in focus towards Asia is exacerbated by sanctions against Russia that were intended to isolate it post-Crimea annexation and the Ukraine war. These actions have inadvertently strengthened ties between Russia, China, and India.
3. PIPELINE Details:
The POS-2 pipeline is designed to carry 50 billion cubic meters of gas from Russia's Yamal fields to China via Mongolia, reshaping energy supply dynamics. This supplies less gas than Russia's peak exports to Europe, but helps secure Russia's economic outlook following recent disruptions like the Nordstream pipeline attack.
4. India’s Defiance Against U. S. Policies:
India is reaffirming its sovereignty in energy choices. Despite facing punitive tariffs from the U. S. for importing Russian oil, Modi is strengthening ties with both Russia and China. India's foreign minister criticized U. S. policy as hypocritical since the U. S. and Europe continue to buy Russian energy while targeting India.
5. Miscalculations from U. S. Strategy:
U. S. sanctions and tariffs intended to maintain supremacy have backfired. Instead of weakening Russia, they have driven Russia closer to China and increased India's energy imports from Russia. The BRICS nations are accelerating their cooperation away from U. S. financial systems and the dollar.
6. India-U. S. Relations Deterioration:
The U. S. has made a critical error in its engagement with India. Instead of fostering stronger ties, the imposition of tariffs has strained the relationship. This could disturb the potential for a united front against China's influence.
The Tianjin summit reflects a major pivot in global energy geopolitics towards Asia. Questions regarding the future economic dynamics between these nations arise, particularly how they will navigate existing rivalries amid Western pressures. The outcomes of these partnerships will have lasting impacts on global relations and energy markets.
https://tilakdoshi.substack.com/p/how-the-west-snookered-itself-in
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