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
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030