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WASHINGTON – A sign of closer ties between China and Russia has emerged with an agreement for Russia to export much-needed oil to China over the next decade, to be followed by a deal for the export of natural gas to meet the burgeoning needs of China’s population, according to report from Joseph Farah’s G2 Bulletin.
China also will have access to Russia’s major energy reserves in the Arctic. These agreements were reached in the recent visit by newly installed Chinese President Xi Jinping to Moscow to meet with Russian President Vladimir Putin.
According to regional analysts, the deals also indicate closer collaboration between the two countries to counter U.S. influence in the region and elsewhere in the world.
Such collaboration recently has been seen not only in the Central Asian region but now in South America – a region that long had been regarded as being in the U.S. sphere of influence.
Both countries have sought to work out long-term deals, for example, in Venezuela to maintain their access to Latin American energy resources and to secure the prospect of basing rights there.
China is looking to its neighbor, Russia, for needed energy. It is the largest energy consumer in the world and will be importing some 75 percent of its energy by 2035. ‘
“The deal between (Russia) and China helps meet this need because it will increase Russian oil sales to China from 300,000 to one million barrels of crude oil per day by 2018 delivered via the East Siberia-Pacific Ocean pipeline,” according to a report by the open intelligence company, Langley Intelligence Group Network, or Lignet. “As part of the deal, Moscow will get a $2 billion, 25-year loan from Beijing.”
Both countries also are close to finalizing a 30-year gas supply contract in which China will receive 1.3 trillion cubic feet of natural gas a year by 2018, with shipments to increase to some 2.1 trillion cubic feet.
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