China Starts Constructing Gas Pipeline to Russia

Évidemment, grâce à l’arrogance de Washington, on se retrouve dans une situation où un deuxième groupe de super puissance est en train de se former.

La Russie ne se laissera pas faire de se faire dicter sa conduite et je les comprends.

The sanctions against Russia have an additional sort of unreality to them, because they “boomerang” and hurt the West while giving the Russian government the impetus to do what it wanted to do all along.

The sanctions affected a number of Russian energy companies, cutting them off from Western sources of technology and financing, but this will primarily hurt the earnings of Western energy companies while helping their Chinese competitors.

Russia has taken the hint and is turning away from the West and toward the East. It is parlaying its open defiance of American attempts at world domination into trade relationships throughout the world, much of which is sick and tired of paying tribute to Washington.

Thus, the effort to isolate Russia has produced the opposite of the intended result: it is isolating the West from the rest of the world instead. (1)

Extrait de: China Starts Constructing Gas Pipeline to Russia, The American Interest, Jun 02, 2015

The massive project to connect a gas pipeline between Russia and China is officially underway, as Chinese state-owned hydrocarbon firm CNPC recently announced it had begun work on the Power of Siberia pipeline. Reuters reports:

Pipepeline Russia China

China’s CNPC, Gazprom’s partner on the project, said its pipeline company had signed an agreement with CNPC’s pipeline project team on building a portion of the Russia-China eastern gas pipeline starting from Heihe on the border and running to Changling in Jilin province.

The report, posted on the company’s website last week, said it marked “the start of the execution stage from preparation phase”.

Russia is working on building out pipeline infrastructure and its own gas fields as part of the $400 billion deal Moscow and Beijing signed just over a year ago. Under that deal, China will annually receive 38 billion cubic meters (bcm) of gas for 30 years, starting just four short years from now.

The pipeline will extend to China’s east coast, but the two sides are working to finalize a second gas deal for a western route through the restive Xinjiang province. This framework agreement was signed last November and, if inked, would send an additional 30bcm of natural gas China’s way. Earlier this year both sides expressed a desire to expedite negotiations, though recently talks seem to have stalled over disagreements over price and “mutual distrust.”

China and Russia may make for uneasy partners, but both stand to benefit from this new energy relationship—Beijing gets an overland supply of natural gas, a cleaner alternative to the coal that’s wreaking havoc on its air quality, while Moscow gets a new customer just as the West is seeking to wean itself off of Russian gas. Problems may exist for the second deal, but the first is well underway.