Insight
Russia's pivot east: the growth in energy trade with China
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Report summary
Russia is shifting its outlook east and engaging with China on a range of huge deals that could see energy trade quadruple by 2025. Agreements for oil, coal and power supply have been completed. A gas deal has proved more difficult, but negotiations continue and we expect an agreement within two years. Keen to secure the large volumes of energy that Russia can provide, China is providing finance to underpin much of the infrastructure cost. Russia has been reluctant to offer direct equity...
Table of contents
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Executive Summary
- Energy trade between Russia and China is developing rapidly
- Construction of the ESPO pipeline is the first sign of material progress
- 2013 is a breakthrough year
- Further engagement is expected
- The energy trade relationship between Russia and China is in its early stages
- Exports are not guaranteed, but the case for further cooperation is fundamentally strong
Tables and charts
This report includes 4 images and tables including:
- Energy Resources of Russia's Far East and East Siberia
- Rosneft-CNPC oil trade, 2005 - 2030
- Trade developments between Russia & China
- Russia to China energy export growth, 2010 - 2025
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