Word: naturales
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"The timing is good," says David Zweig, director of the Center on China's Transnational Relations at the Hong Kong University of Science and Technology. "China has been very active to get as many commitments on energy around the world before the dollar devalues too much." In August, China signed...
"The most important thing is that Russia and China have the need and capacity to enhance cooperation and the two economies are complementary to each other," Putin told China's state-run Xinhua news service. For each side, there are clear benefits: Russia's energy companies secure a stake in...
China and Russia have yet to come to terms on an agreement for Gazprom to sell natural gas from fields in western and eastern Siberia to the China National Petroleum Corp. (CNPC). In 2006 the two companies signed a memorandum of understanding to develop two pipelines, one that would link...
China's energy demands are expected to climb steeply over the next two decades. The country now gets 70% of its power from coal-fired generation and just 3% from cleaner-burning natural gas. China has rich coal resources, but the material is generally of low quality and contributes heavily...
And while China needs Russia's vast energy reserves, it can afford to wait a little while. Beijing has already tapped into Central Asia's vast gas reserves. A new pipeline from Turkmenistan is scheduled to begin gas shipments to China in December via Uzbekistan and Kazakhstan, both gas-rich...