China Is Winning Big As Russia Pivots To Asia ...Middle East

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China Is Winning Big As Russia Pivots To Asia
source : OILPRICE ( Middle East ) () 15
China is the main beneficiary of the biggest change in energy trade flows in recent memory as Russia pivots to Asia to sell the oil and coal banned in the West and looks to build another major natural gas pipeline to China.  Beijing is not only a willing energy trade partner for Russia, soaking up hundreds of thousands of barrels of crude oil per day unwanted in the West.  China is also paying for Russian energy at growing discounts to international benchmarks, which makes its government-managed industry even more competitive than that…

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