Sino-Russian Gas and Oil Cooperation: Entering into a New Era of Strategic Partnership?

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Reports and presentations on the European Gas Market
European Gas Hub Analysis
Published 05/05/2015 by OIES

In 2014, Russia and China signed two major gas deals. The ink had barely dried on the first deal before oil prices began their sudden slide, eclipsing an agreement that will prove instrumental in lowering long-term gas prices in north Asia.

Ironically Russia’s dire financial situation, amidst sanctions in the wake of the Ukraine crisis, then paved the way for a further round of Sino- Russian oil and gas cooperation. The two agreements would dramatically alter the supply– demand balance in China and Asia, and directly threaten proposed LNG projects around the world.

 
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