Australias LNG pipe dream is gonna bust, their gas is 50% more expensive than Russias gas in China

[Azeri440]

russia is not isolated like you, we have many allies besides china like india and vietnam. Europe wont buy azeri and otehr gas because much more expensive

this kid

 

[senheiser]

this kid

 

[Azeri440]

uhmm ok and?

 

[senheiser]

To a certain extent. Trade partnership helps to persuade the other party to not join up the opponent's camp as demonstrated by the recent Ukraine crisis. Basically, due to the trade between Russia and Europe, European Union would not respond to US' demand for more sanctions.

I would say that while a strong nation must make sure it is self-sufficient at basic level, but look for opportunities to gather as much resource outward as well.

Personally, I see no reason that China can't buy resource from both Australia and Russia. Raw material and resources have little added value and are perfect for balancing the trade.

for what? so Australia becomes even more richer?

 

[tranquilium]

for what? so Australia becomes even more richer?

Well, if Australian becomes richer, good for them. From Chinese perspective, more resource available is better.