China-Russia Energy Relations: Which Party Holds the Stronger Hand?
Article from: OGEL 3 (2011), in Pipelines
Introduction
The month of June 2011 has seen two examples of the brittle nature of Sino-Russian energy relations. The first has been the increasing visibility of the dispute between China’s CNPC and Russia’s Rosneft and Transneft concerning the price of oil delivered to China through a branch of the East Siberia – Pacific Ocean (EPSO) pipeline. The second has been the equally visible failure of CNPC and Gazprom to agree a price for gas to be delivered by pipeline from Russia to China.