China holds all the cards in Russia’s eastern pivot
The Asian giant sees no reason to rush on energy cooperation
Russia is looking to build on its energy ties with China, a key buyer of its gas. But Beijing’s position of power in the relationship may make the sanctioned producer play a waiting game, especially over the much-discussed Power of Siberia 2 pipeline. That seemed to be the message coming out of the high-level meeting between Beijing and Moscow in March. The Russia-China relationship has a long and complex history, shaped by the lengthy border between the two countries, the complementarity of their economies and the ambitions of both to be seen as key geopolitical actors. Following periods of friendship and tension in the Soviet era, the post-Soviet decades have seen a more complicated relati

Also in this section
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
1 May 2025
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations