文摘
The article evaluates Sino-Russian energy cooperation with four crucial issues in mind: ownership of the Russian upstream resources, and Chinese technical participation in the plans to exploit these resources; ownership and financing of the pipelines linking Russian oil and gas to China; the decision on the pipeline routes; and the decision on the price. The article reviews the details of the recent Sino-Russian gas deal as well as the preceding oil agreements. It points out that Sino-Russian gas cooperation followed a different path than the two giants' oil trade due to the intrinsic differences between oil and gas as commodities. The next section discusses the so-called Altai pipeline. The article then focuses on Vladivostok LNG, a giant project that is likely to be substituted with a third gas pipeline to China. Lastly, the article reviews what the author believes to be the most likely future developments in Sino-Russian energy cooperation.