Trumps loss is Elixir’s gain

lRelations between Washington and Beijing have deteriorated significantly in the wake of COVID 19 with each blaming the other for mismanagement and even responsibility for economic warfare using a biological agent.

The result has been China has moved quickly to increase its energy supply from Russia which is also looking for ways to replace the diminishing demand from Europe with many countries aggressively eschewing the Russian regime.

COVID 19 has also been the catalyst for the significant acceleration and urgency in developing the second gas pipeline Power of Siberia 2 through Mongolia. It had been stalled for years. However negotiating the price of the gas that will be channeled through the 20 billion dollar pipeline has been a little more protracted.

This is where Elixir benefits. Elixir can offer a much more competitive price (and scale) on the gas because of its proximity to China’s densely populated urban mega cities. More importantly, obtaining gas from Elixir gives China some much needed political leverage and autonomy from Russia allowing it to have diversified energy sources.

A once-in-a-century pandemic has shifted the geopolitical balance of power from Europe to Asia and Elixir is in the right place at the right time - and more importantly they know it and are acting fast.

Mongolia is waking up to a new dawn of being a primary clean energy supplier to the new world order with China at its centre.

https://asia.nikkei.com/Business/Markets/Commodities/Coronavirus-gives-Russia-China-gas-pipeline-plan-a-burst-of-energy