China and Russia deepen energy links
But Beijing remains somewhat cautious in an attempt to avoid alienating the West
Russian president Vladimir Putin is likely hoping Moscow will be the first overseas destination Chinese leader Xi Jinping visits this year. A trip would be a public show of solidarity by Beijing for the Kremlin, buttressing the “no limits” relationship that reached new levels last year thanks to record energy trade. Putin told Xi in a videoconference at the end of last year that he was anticipating a state visit by China’s leader this spring. “Your visit will become the main political event of the year in bilateral relations,” said Putin. Xi did not respond to the invitation but agreed to cooperate on trade, energy, finance and agriculture, according to an official Chinese account of the eve
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals