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China begins importing natural gas from Russia's Yamal plant

The Yamal plant. Photo: Vladimir Smirnov\TASS via Getty Images

China has begun importing natural gas from just above the Arctic circle at Russia's Yamal plant, reports CGTN.

Why it matters: China is on pace to be the world's leader in natural gas imports in large part due to the Yamal plant. It owns nearly a 30% stake in the Russian operation and believes that, in the next 10 years, its trade of natural gas with Russia will exceed 70 billion cubic meters, making Russia the largest natural gas supplier to China.

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Axios
1 hour ago - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

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Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

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Axios
Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Pandemic fatigue quantified — The pandemic could be worsening childhood obesity.
  2. Vaccine: Moderna says vaccine appears to protect against new COVID-19 variants — Cities launch efforts to vaccinate the homeless.
  3. Politics: Deborah Birx went "on the road" for local COVID efforts to avoid White House censorship — Sanders says Democrats will push coronavirus relief package through with simple majority.
  4. Business: Budweiser skips Super Bowl ads in favor of vaccine education campaign.
  5. World: Mexican President López Obrador tests positive for coronavirus.
  6. 🎧 Podcast: Google's chief health officer Karen DeSalvo on vaccinating America.
Go deeper (1 min. read)Arrow