Core Insights - The president of Gazprom, Miller, predicts a significant increase in China's natural gas demand, estimating a growth rate of 45% over the next five years, with annual consumption expected to reach 618 billion cubic meters [1][3] - The "Power of Siberia-2" pipeline, with a design capacity of 50 billion cubic meters per year, is just the beginning, indicating Russia's readiness to meet China's growing energy needs [3][5] - The partnership between Russia and China in the energy sector is solidifying, with the pipeline agreement disrupting U.S. plans to export shale oil and LNG to China [5][6] Industry Implications - The anticipated surge in China's natural gas demand will reshape the global energy landscape, positioning Russia as a key supplier to the largest consumer, China [3][5] - The "Power of Siberia-2" pipeline enhances China's energy security by providing a reliable land-based supply route, mitigating risks associated with maritime transport [5] - The deepening energy ties between Russia and China are likely to lead to increased cooperation in finance, military, and diplomacy, strengthening their strategic partnership [5][6]