The ramifications, not so much for energy markets but for international relations, could be quite significant—especially for China, a little less so for Russia, and certainly for the United States—as the “ no-limits ” friendship between Beijing and Moscow has now been lily-gilded and locked in for decades to come.
An interesting thing happened late this summer: Russia and China dramatically deepened their energy relationship, less for economic reasons than for geopolitical ones.
The ramifications, not so much for energy markets but for international relations, could be quite significant—especially for China, a little less so for Russia, and certainly for the United States—as the “no-limits” friendship between Beijing and Moscow has now been lily-gilded and locked in for decades to come.
What China did, starting at the end of August, was simply receive deliveries of liquefied natural gas (LNG) from Russia at an obscure port. That, coupled with the announcement that Russia would greatly increase its pipeline exports of gas to China, including by the construction of the long-fabled but never actual
Continue Reading on Foreign Policy
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.