Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Kremlin lauds ties with energy-hungry China
by Daniel J. Graeber
Moscow (UPI) Dec 9, 2014


disclaimer: image is for illustration purposes only

The growing relationship between Russia and China in the new century is supported in part on energy agreements, Russia's foreign minister said Tuesday.

"The course of Russian-Chinese relations takes into account core interests of the two nations and we have no plans to change it," Foreign Minister Sergei Lavrov said in a Tuesday interview with state-backed news agency Sputnik, formerly RIA Novosti.

Lavrov last month said developing a foreign policy vision that emphasizes ties in the Asia-Pacific is a national priority for the Kremlin.

A Russian economy hobbled by a reliance on Europe as a destination for oil and natural gas, whose exports account for more than half of Russian revenues, has pivoted toward energy-hungry Asia-Pacific.

Western powers have sanctioned the Russian energy sector in response to Moscow's reaction to political upheaval in Ukraine in November, which resulted in the former Soviet republic drawing closer to the European Union.

The Russian currency is now trading at historic lows against the U.S. dollar as the nation's economy teeters on the brink of recession.

Lavrov said bilateral ties with China are at new heights, based in large part on what he said was a sound level of strategic interaction and trust.

"The reason for such successful development is rooted in the fact that it is based on the mutual consideration of interests, mutual respect, equality and non-interference in internal affairs," he said.

The Kremlin recently cast doubt over the fate of the long-planned South Stream natural gas pipeline for Europe, which would've moved Russian natural gas around sensitive territory in Ukraine.

In May, Russian gas company Gazprom signed a 30-year sales agreement with China that calls for 1.3 trillion cubic feet of natural gas per year through the so-called Power of Siberia pipeline.

The foreign minister said the Russian economic focus on China was supported by "about fifty agreements" signed in November between Russian President Vladimir Putin and Chinese President Xi Jinping.

Lavrov said "new horizons" in energy are coming into view through proposed liquefied natural gas supplies for the Chinese market.

A sales contract for the purchase of LNG from a project on the Far North peninsula of Yamal was signed this year between China National Petroleum Corp. and Russian energy company Novatek.

"Obviously, if the relationship among other countries resembled the Russian-Chinese, it would only benefit international stability and security," the foreign minister said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Canada vows to make pipelines safer
Ottawa (UPI) Dec 9, 2014
The Canadian government said it's committed to a world-class regime for pipeline safety, calling for new "polluter pays" rules and other control measures. The government of Prime Minister Stephan Harper outlined amendments to pipeline safety rules, rules it says will lead to one of the safest networks of pipelines in the world. "The Harper government is committed to having a worl ... read more


OIL AND GAS
US sets clean-energy trade mission to China

Norway increases Green Climate Fund contribution

Germany steps up efforts to reduce carbon emissions

Matched "hybrid" systems may hold key to wider use of renewable energy

OIL AND GAS
Ferry charge station uses Corvus lithium energy storage system

Corvus Energy Announces Liquid Cooled Version of Industrial Lithium Battery

Chinese power companies pursue smart grids

A Better Look at the Chemistry of Interfaces

OIL AND GAS
Central America's new coffee buzz: renewable energy

Boeing completes test flight with 'green diesel'

Sweet Smell of Success: Researchers Boost Methyl Ketone Production

Single-atom gold catalysts may enable cheap output of fuel and chemicals

OIL AND GAS
Hungary to start Russian-funded nuclear plant expansion in 2018

China Approves Major New Scheme to Boost Nuclear Power: Reports

Finland Parliament Approves Nuclear Power Plant Construction With Russia

None of Rosatom's International Contracts Affected by Sanctions: CEO

OIL AND GAS
California's drought worst in 1,200 years

How Soil Microorganisms Get Out of Step through Climate Change

India says will not be bulldozed at climate talks

2014 poised for hottest year on record: UN

OIL AND GAS
Paris mayor wants limits on cars in centre, end to diesel

US city of Portland sues Uber

Dongfeng, Huawei partner for Internet-enabled cars

Uber now valued at $40 bn

OIL AND GAS
Iran says it carried out air strikes in Iraq: report

Car bombs in Kirkuk, Baghdad kill 33

Kerry says any Iran strikes against IS 'positive'

Iraq PM dismisses 24 interior ministry commanders

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.