rott
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That's what I thought so too.
I suppose USA still runs on diesel locomotive.
The Great Game Changer: Belt and Road Intiative (BRI; OBOR)
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I suppose USA still runs on diesel locomotive.
ahojunk
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Thanks bro, for the correction.
China is the largest importer of petroleum and with China's help, Russia can be the biggest exporter.
Yes, China is the largest consumer of energy.
What I am trying to say is that you cannot exclude the biggest players and still hope to succeed.
Most people understand my point but a very small minority does not.
Guess what? It doesn't bother me one iota, I just ignore them.
TBH, I think my post is slightly off-topic. Please forgive.
Last edited:
TaiShang
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Thanks bro, for the correction.
China is the largest importer of petroleum and with China's help, Russia can be the biggest exporter.
Yes, China is the largest consumer of energy.
What I am trying to say is that you cannot exclude the biggest players and still hope to succeed.
Most people understand my point but a very small minority does not.
Guess what? It doesn't bother me one iota, I just just them.
TBH, I think my post is slightly off-topic. Please forgive.
Exactly, bro. There is a tendency between China and Russia to utilize energy in order to deepen strategic relations. Energy, in a sense, is a launching pad, as you have pointed out.
And this just came out; it seems that, in the first three months of this year, Russia became China's largest supplier while Saudi Arabia (and even Iran)'s imports declined.
China is doing the right thing: By buying from its land neighbor, it is providing financial cover for Russia and also reinforcing its own energy security by relying less on SCS bound Middle East imports.
The bonus of this entire scheme is Yuan's extensive use and avoidance of Petrodollar. As the news goes, China and Russia now do oil business entirely in their own currencies.
One step at a time.
***
Race to Petrodollar End Speeds Up - China Imports Record Amount of Russian Oil in April
Oil that is paid for in China's own currency
4 hours ago |
Originally appeared at Zero Hedge
We have reported for years that Russia and China have been doing everything they can to displace the use (and influence) of the US dollar.
The US of course, either oblivious or too arrogant to care, has continued to bring Russia and China together by annoying both equally with its incessant meddling. Recall that recently both China andRussia have had to warn the US about its insistence on flying reconnaissance planes too close to their borders.
Of course, as the US has been playing geopolitical games, China and Russia have been working on strengthening their relationship with one another. At the end of 2015, China had become Russia's biggest oil customer, and as of April, Russian oil shipments to China hit a record high. Russia has also surpassed Saudi Arabia as the biggest crude exporter to China.
RT has more:
Beijing has ramped up imports of Russian oil by 52.4 percent last month compared to a year earlier. China's General Administration of Customs calculated a record 4.81 million tons.
In March, China bought 4.65 million tons of oil from Russia.
Russia, Saudi Arabia and Angola were China’s three major oil suppliers last month.
April imports from Saudi Arabia fell by 22 percent year-on-year to 4.12 million tons. In March, China imported 3.98 million tons of oil from the country.
China increased year-on-year oil imports from Angola last month by 39 percent to 3.98 million tons. Imports from Iran in April fell by 5.1 percent yoy to 2.76 million tons.
An International Energy Agency report showed that at the end of 2015 Russia overtook Saudi Arabia as the biggest crude exporter to China.
Russian exports to China have doubled over the past five years, and supply is expected to continue to be strong. Transneft's Vice-President Sergey Andropov said that China is expected to import 27 million tons of Russian crude this year via the Eastern Siberia-Pacific Ocean (ESPO) pipeline. The volume underscores the significance of contracts signed in 2009 by Rosneft, Transneft, and China National Petroleum Corporation to have Russia supply oil to China through the ESPO.
Russian exports to China have more than doubled over the past five years, up by 550,000 barrels a day. Moscow and Beijing have significantly increased energy cooperation, with a wide range of multibillion dollar projects.
Russian oil transport monopoly Transneft’s Vice-President Sergey Andropov said in March that China is ready to import 27 million tons of Russian crude this year via the Eastern Siberia-Pacific Ocean (ESPO) pipeline. Supplies to China through the ESPO pipeline started in 2011 after Rosneft, Transneft and China National Petroleum Corporation (CNPC) signed contracts two years earlier. Currently five million tons of crude are supplied through the pipeline annually, and this is expected to rise to 15 million tons a year.
Experts say Chinese imports of Russian oil are likely to stay high over the coming years due to long-term crude supply contracts and rising demand from the world's second biggest oil consumer.
* * *
There is an underlying theme here that cannot be ignored.
Whatever the US has been focusing on, whether it's commissioning $4.4 billion warships, wargaming in the name of "regional stability", or arguing over LGBT rights and confederate flags, it is neither productive, nor helping its global economic standing. One day when the USD is no longer the reserve currency, and all of the games the Federal Reserve plays to allow fiscal policy to go unchecked are no longer an option, we suspect that it will wish it had done things quite differently.
Eurasia: China and Russia is Where It’s Happening
In 1865 at the end of the US Civil War New York journalist Horace Greeley popularized the expression, “”Go West, young man, and grow up with the country.” Today, some 150 years later, as the colossal economy of the United States of America sinks into obsolescence, outsourcing, income depression, and staggering real unemployment, with many countries of the European Union close to the same, the slogan should properly be changed. “Go East, young man,” and grow up with the booming economies of Eurasia, especially Russia and China. While NATO planes and warships increasingly saber rattle both Russian and Chinese territories, the two giants of Eurasia are forging relations closer than ever in their history. Energy alliances are at the heart of the process.
Energy Synergies
Since May, 2014, China and Russia have agreed to staggeringly large energy deals that make China less vulnerable to any NATO or Mideast supply blackmail, and Russia to any Ukraine or EU energy blackmail.
In May, 2014 Russian President Vladimir Putin and China’s President Xi Jinping signed the so-called Russian East Route pipeline deal, a $400 billion agreement over 30 years that will begin sending 38 billion cubic meters of gas annually from Russia to China beginning 2018. It was followed in November 2014 by an agreement for the so-called West Route gas pipeline that will connect gas fields in western Siberia with northwest China through the Altai area of Xinjiang Autonomous Region. They also agreed on provisions for possible second and third sections to be added later that would bring capacity to an impressive 100 billion cubic meters a year. West Route is designated a priority and to be finished in six years.
When both East and West Route pipelines are operational, Russia will supply some 59% of the current Chinese annual natural gas consumption, replacing the EU as Russia’s largest gas export market. Today China consumes 169 billion cubic meters annually. At the same Beijing meeting, the presidents of state oil companies Rosneft and CNPC signed a deal whereby CNPC buys a 10% stake in Rosneft subsidiary Vankorneft which operates the huge Russian Vankor oil field. China will receive some $7 billion worth of Russian oil from Vankor in the deal.
Then on April 19 this year Russian First Deputy Energy Minister Alexei Teksler told RIA Novosti that certain Chinese state oil companies are discussing buying the planned 19.5% state share of Rosneft that is to be sold privately by end of 2016. The likely candidate would be China’s CNPC oil company.
Yamal LNG Project Gets China Money
Now on May 3, the Director General of the Yamal LNG Export Terminal project in northwest Siberia made an announcement that clearly did not please the Washington sanctions warriors. The Russian LNG project consortium signed a loan agreement with China Exim Bank and the China Development Bank who will extend a 15-year loan to the project of 9.3 billion euros, some 75% of the estimated total funds that Yamal needs to get into production.
Following Washington sanctions that blocked key Russian energy companies from raising capital in western markets, Yamal looked highly unlikely. As the company’s website notes, “Launched at end 2013, Yamal is not only one of the most complex liquefied natural gas projects ever undertaken; it is also one of the most competitive…because it benefits from the vast natural gas reserves situated across the Yamal peninsula. Complex because it is located above the Arctic Circle.” Its partners include Russia’s Novatek, China’s CNPC, French Total (20%) and, significantly, China’s Silk Road Fund.
OAO Novatek is Russia’s largest independent natural gas producer, concentrated in the Yamal-Nenets Autonomous Region (YNAO) in Western Siberia, the most significant gas producing region in Russia, accounting for approximately 80% of Russia’s natural gas production and approximately 16% of global gas production. Now the Chinese are taking the major financing burden to make the mammoth Yamal project work.
Also significant in terms of the process of de-dollarization taking place in Russia, China, Iran and other Eurasian countries, the Chinese loans will be denominated in Euros and not in US dollars.
It appears clearly that Washington’s enraged neoconservatives around Victoria Nuland in the State Department and Defense Secretary Ash Carter have made the best contribution to bringing China and Russia together in an unprecedented manner. They managed this impressive feat by imposing financial and economic sanctions on Russia and threatening China’s sea lanes, fostering terrorism in Xinjiang and advancing the military “Asia Pivot” as well as the TPP that deliberately excludes China. The result is that both Russia and China are forging deep long-term economic ties across Eurasia that ultimately will become the focal point for world economic growth as the China New Silk Road—the One Belt, One Road project– links Russia, China, Iran and the vast regions across Eurasia with a new network of high-speed rail and port links, energy links, pipelines, electricity infrastructure. Russia has clearly decided to “Go East, young man.”
It would be an entirely new paradigm if the nations of Europe were to also go East to open vast new markets for their stagnating economies rather than open US Missile defense bases, hosting advanced nuclear weapons and station US troops on the borders of Russia.
F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”
http://journal-neo.org/2016/05/25/eurasia-china-and-russia-is-where-its-happening/
In 1865 at the end of the US Civil War New York journalist Horace Greeley popularized the expression, “”Go West, young man, and grow up with the country.” Today, some 150 years later, as the colossal economy of the United States of America sinks into obsolescence, outsourcing, income depression, and staggering real unemployment, with many countries of the European Union close to the same, the slogan should properly be changed. “Go East, young man,” and grow up with the booming economies of Eurasia, especially Russia and China. While NATO planes and warships increasingly saber rattle both Russian and Chinese territories, the two giants of Eurasia are forging relations closer than ever in their history. Energy alliances are at the heart of the process.
Energy Synergies
Since May, 2014, China and Russia have agreed to staggeringly large energy deals that make China less vulnerable to any NATO or Mideast supply blackmail, and Russia to any Ukraine or EU energy blackmail.
In May, 2014 Russian President Vladimir Putin and China’s President Xi Jinping signed the so-called Russian East Route pipeline deal, a $400 billion agreement over 30 years that will begin sending 38 billion cubic meters of gas annually from Russia to China beginning 2018. It was followed in November 2014 by an agreement for the so-called West Route gas pipeline that will connect gas fields in western Siberia with northwest China through the Altai area of Xinjiang Autonomous Region. They also agreed on provisions for possible second and third sections to be added later that would bring capacity to an impressive 100 billion cubic meters a year. West Route is designated a priority and to be finished in six years.
When both East and West Route pipelines are operational, Russia will supply some 59% of the current Chinese annual natural gas consumption, replacing the EU as Russia’s largest gas export market. Today China consumes 169 billion cubic meters annually. At the same Beijing meeting, the presidents of state oil companies Rosneft and CNPC signed a deal whereby CNPC buys a 10% stake in Rosneft subsidiary Vankorneft which operates the huge Russian Vankor oil field. China will receive some $7 billion worth of Russian oil from Vankor in the deal.
Then on April 19 this year Russian First Deputy Energy Minister Alexei Teksler told RIA Novosti that certain Chinese state oil companies are discussing buying the planned 19.5% state share of Rosneft that is to be sold privately by end of 2016. The likely candidate would be China’s CNPC oil company.
Yamal LNG Project Gets China Money
Now on May 3, the Director General of the Yamal LNG Export Terminal project in northwest Siberia made an announcement that clearly did not please the Washington sanctions warriors. The Russian LNG project consortium signed a loan agreement with China Exim Bank and the China Development Bank who will extend a 15-year loan to the project of 9.3 billion euros, some 75% of the estimated total funds that Yamal needs to get into production.
Following Washington sanctions that blocked key Russian energy companies from raising capital in western markets, Yamal looked highly unlikely. As the company’s website notes, “Launched at end 2013, Yamal is not only one of the most complex liquefied natural gas projects ever undertaken; it is also one of the most competitive…because it benefits from the vast natural gas reserves situated across the Yamal peninsula. Complex because it is located above the Arctic Circle.” Its partners include Russia’s Novatek, China’s CNPC, French Total (20%) and, significantly, China’s Silk Road Fund.
OAO Novatek is Russia’s largest independent natural gas producer, concentrated in the Yamal-Nenets Autonomous Region (YNAO) in Western Siberia, the most significant gas producing region in Russia, accounting for approximately 80% of Russia’s natural gas production and approximately 16% of global gas production. Now the Chinese are taking the major financing burden to make the mammoth Yamal project work.
Also significant in terms of the process of de-dollarization taking place in Russia, China, Iran and other Eurasian countries, the Chinese loans will be denominated in Euros and not in US dollars.
It appears clearly that Washington’s enraged neoconservatives around Victoria Nuland in the State Department and Defense Secretary Ash Carter have made the best contribution to bringing China and Russia together in an unprecedented manner. They managed this impressive feat by imposing financial and economic sanctions on Russia and threatening China’s sea lanes, fostering terrorism in Xinjiang and advancing the military “Asia Pivot” as well as the TPP that deliberately excludes China. The result is that both Russia and China are forging deep long-term economic ties across Eurasia that ultimately will become the focal point for world economic growth as the China New Silk Road—the One Belt, One Road project– links Russia, China, Iran and the vast regions across Eurasia with a new network of high-speed rail and port links, energy links, pipelines, electricity infrastructure. Russia has clearly decided to “Go East, young man.”
It would be an entirely new paradigm if the nations of Europe were to also go East to open vast new markets for their stagnating economies rather than open US Missile defense bases, hosting advanced nuclear weapons and station US troops on the borders of Russia.
F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”
http://journal-neo.org/2016/05/25/eurasia-china-and-russia-is-where-its-happening/
TaiShang
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This century might as well be a Eurasian century.
But, China should not miss one look on the maritime front all the time, as well. Hence, SCS is as important as Eurasia.
TaiShang
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Russia and China are eager to take their relationship of regional security to a new level with one of the main areas of cooperation aimed at dealing with issues relating to the situation in neighboring regions, according to a report by CCTV.
A conference on bilateral Russian-Chinese relations, which is being held in Moscow currently, will highlight the need for some sort of transformation and revision of bilateral relations under the new situation, according to Zhang Xin, researcher of the School of Advanced International Studies at East China University.
“Let’s take a look at the past year or two. We know that Russia is under increasing pressure from Western sanctions and this seriously affects the country's economy.
© Sputnik/ Sergey Guneev
China Hopes to Develop Plan on Cooperation With Russia During Putin's Visit
China, on the other hand, is getting more and more involved in a complex situation in the region,” Xin said in an interview with CCTV.
These new factors are pushing both the sides to reconsider and possibly revise bilateral relations. Here, on one hand, it means ‘a new quality of bilateral relations.’
The analyst pointed out that the conference itself is a meeting of experts, so one should not consider statements made at these meetings by experts and specialists, as official.
Nonetheless, judging by what has been heard at the conference, the analyst has highlighted three main directions of cooperation in the sphere of regional security.
According to the analyst, first of all it is important to understand if the Shanghai Cooperation Organization can be reorganized into a regional platform for cooperation in the field of security to include participants apart from the current ones.
“Secondly, we see a clear trend in Russia's active attempts to increase its presence in the Asia-Pacific region, which is widely manifested, in particular, in security cooperation,” Xin said.
© Sputnik/ Kirill Kalinnikov
Lavrov: Russia-China Partnership Best Example of 21st Century Intergovernmental Relations
He further said that both the countries have discussed this during the recent Russia-ASEAN summit, which was held a week ago. This is another recent trend, the importance of which in the context of regional security in the Asia-Pacific region may further increase.
Thirdly, it is interesting to see whether the two sides will start expressing mutual support for each other's basic positions on regional security more openly and loudly in the surrounding regions.
In these areas, both sides seek to achieve a higher level of cooperation and support from each other. I believe that these three areas are probably the main points in the context of cooperation between Russia and China in the field of regional security.
TaiShang
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China, Russia vow to boost military ties
Admiral Sun Jianguo (2nd R), deputy chief of the Joint Staff Department of China's Central Military Commission, meets with Russian Deputy Defense Minister Anatoly Antonov (2nd L) in Singapore, June 3, 2016. (Xinhua/Then Chih Wey)
Admiral Sun Jianguo, deputy chief of the Joint Staff Department of China's Central Military Commission, met with Russian Deputy Defense Minister Anatoly Antonov Friday and the two sides pledged to step up military cooperation.
Sun, who met Antonov on the sidelines of the Shangri-La Dialogue, said that the two countries have seen a sound development trend in military cooperation, as the overall relations between the two sides are running well.
He said the two sides are both facing with a more complicated international security situation and closer mutual cooperation is in need.
Antonov praised the effective cooperation between the two defense ministries and expressed the willingness to join hands with China in the fight against security threats including terrorism.
Antonov also vowed to deepen the mutual military cooperation under the framework of the Shanghai Cooperation Organization.
He said the Russian military is keen to launch more joint maritime drills and anti-terror exercises with the Chinese side.
The 15th Shangri-La Dialogue, an Asia-Pacific defense and security summit, runs in Singapore from Friday to Sunday.
Sun, on the sidelines of the dialogue, met on Friday with defense ministers, military chiefs and high-ranking defense officials from countries including Australia, New Zealand, Indonesia, Vietnam, Thailand, Singapore and Brunei.
***
So, when is the first China-Russia naval drills on the SCS?
Admiral Sun Jianguo (2nd R), deputy chief of the Joint Staff Department of China's Central Military Commission, meets with Russian Deputy Defense Minister Anatoly Antonov (2nd L) in Singapore, June 3, 2016. (Xinhua/Then Chih Wey)
Admiral Sun Jianguo, deputy chief of the Joint Staff Department of China's Central Military Commission, met with Russian Deputy Defense Minister Anatoly Antonov Friday and the two sides pledged to step up military cooperation.
Sun, who met Antonov on the sidelines of the Shangri-La Dialogue, said that the two countries have seen a sound development trend in military cooperation, as the overall relations between the two sides are running well.
He said the two sides are both facing with a more complicated international security situation and closer mutual cooperation is in need.
Antonov praised the effective cooperation between the two defense ministries and expressed the willingness to join hands with China in the fight against security threats including terrorism.
Antonov also vowed to deepen the mutual military cooperation under the framework of the Shanghai Cooperation Organization.
He said the Russian military is keen to launch more joint maritime drills and anti-terror exercises with the Chinese side.
The 15th Shangri-La Dialogue, an Asia-Pacific defense and security summit, runs in Singapore from Friday to Sunday.
Sun, on the sidelines of the dialogue, met on Friday with defense ministers, military chiefs and high-ranking defense officials from countries including Australia, New Zealand, Indonesia, Vietnam, Thailand, Singapore and Brunei.
***
So, when is the first China-Russia naval drills on the SCS?
Chinese-Dragon
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Pakistan + Russia are our closest allies in the world. 
Chinese-Dragon
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There is no need to be honest. Nobody in the world is going to directly attack Russia or China. They will only be able to use indirect means.
It would be pretty nice as a symbolic thing though.
xunzi
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Beside symbolic, it demonstrates both Sino-Russia relation is special and we are willing to support each other core interest. This point is important to demonstrate to NATO and will lesson their aggression toward Russia and the US towards us. So a mutual defense treaty will definitely push our relation to the next level and will make the SCO and our mutual friends security tighter and safer.There is no need to be honest. Nobody in the world is going to directly attack Russia or China. They will only be able to use indirect means.
It would be pretty nice as a symbolic thing though.
cirr
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Yangtse River Automobile Co. Ltd. sold the Moroccan city of Malakashi 35 electric buses for a cool 40 million USD.
Nice little earner.
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