{"id":15340,"date":"2025-09-03T04:12:36","date_gmt":"2025-09-03T04:12:36","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15340"},"modified":"2025-09-03T04:12:36","modified_gmt":"2025-09-03T04:12:36","slug":"china-and-india-look-to-russia-for-oil-and-gas","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15340\/","title":{"rendered":"China and India look to Russia for oil and gas"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0China and Russia have moved forward on a dealthat could lead to a massive natural gas pipeline being built, strengthening energy ties between the two countries. This is as India continues to buy cheap Russian crude oil \u2013 standing up to President Trump\u2019s tariffs on that country.<\/p>\n

These are two chess moves in a much larger geopolitical battle over resource dominance, in reaction to the new U.S. approach to global trade.<\/p>\n

The Russian invasion of Ukraine started an important global divide in oil and gas markets, said Eurasia Group senior analyst Gregory Brew.<\/p>\n

\u201cDue to sanctions and the G7 price cap,\u201d he said, \u201cRussian crude has been moved into a number of markets, the largest, of course, being India, China.\u201d<\/p>\n

President Trump\u2019s tariffs on India were meant to cut them off from Russian crude.<\/p>\n

\u201cThat hasn’t really happened yet,\u201d Brew said.<\/p>\n

Consider the recent meeting of leaders of India, Russia and China.\u00a0Brew said India and China\u2019s relationship with Russia is, \u201cif anything, getting warmer.\u201d<\/p>\n

And the possibility of a new China-Russia natural gas pipeline shows China is prioritizing energy security, given tensions with the U.S., said Tatiana Mitrova, a professor and research fellow at Columbia University\u2019s Center on Global Energy Policy.<\/p>\n

\u201cIt actually makes China the key player on the global gas market,\u201d she said.<\/p>\n

China is a top importer of liquefied natural gasthat comes in on ships. A pipeline from Russia would give China flexibility.<\/p>\n

\u201cIt allows China to buy cheap Russian gas when the prices on LNG are higher, and and to reduce supplies from Russia, switching to the other suppliers in the periods of low prices,\u201d she said. \u201cIt has this leverage on pricing and volumes in the gas markets.\u201d<\/p>\n

\u201cIt’s a great card for for Xi Jinping to play,\u201d said Jim Krane, an energy studies fellow at Rice University\u00a0\u00a0\u201cThese souring U.S.-China trade relations could actually blow back onto the U.S. and onto some of President Trump’s buddies in the U.S. shale patch, right? It raises questions about the Chinese market for U.S. LNG.\u201d<\/p>\n

It all feels a little Cold War-ish said Cullen Hendrix, a senior fellow at the Peterson Institute for International Economics.<\/p>\n

\u201cThe ultimate effect that this is having on kind of global oil and gas markets is it’s creating this kind of interesting, bifurcated market,\u201d he said.<\/p>\n

There\u2019s a Western market supplied by the U.S. and other producers, Hendrix said, and a Eurasian bloc supplied by Russia.<\/p>\n

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