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Petroyuan may supplant petrodollars as Russia’s oil and gas replace US influence in Asia


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#1 USC

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Posted 27 October 2017 - 08:02 AM

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The “Great Game” over oil and energy dominance is being played out in Asia’s energy markets. While US President Donald Trump plays a reactive, tactical game to “Make America Great Again” through unilateralism, China, Russia and Japan have their eyes on the long game. They are reshaping the global balance of power with bold, multilateral energy infrastructure plans and near-completed projects.

 
The Chinese President Xi Jinping’s recreation of the New Silk Road has attracted enormous attention as a high profile concept, whose public relations campaign has almost obscured any other regional infrastructure developments. But the Belt and Road Initiative, as it’s called, actually carries less near-term, economic and geopolitical impact than the vast gas pipeline infrastructure projects that are under way.

After years of high level meetings between political leaders and then engineers, a gas network from Russia to its Far East is coming together in a way that points towards evolving relationships. Whether it is a Kissinger-like, realpolitik goal of Russian strategic planning or sheer opportunism, these projects are reshaping and reducing China’s dependence on US oil and gas, shifting that dependence to Russia.

Through exports and investment deals, Russia has expanded its influence on Asia. CEFC China Energy last month bought 14.16 per cent of the Russian state crude oil producer Rosneft for about US$9 billion. The deal shows that the growing oil and gas relationship between Russia and China is more vital and real today - and in the near future - than building the New Silk Road. According to data by the Organisation of the Petroleum Exporting Countries, or OPEC, China’s total crude oil demand rose 6 per cent in July to 11.67 million barrels per day (BPD), from a year earlier.

Meanwhile, the US$55 billion “Power of Siberia”, a 3,000-kilometre gas pipeline built by Russian state gas producer Gazprom, will soon reach Russia’s border with China. The line is the realisation of a 30-year, US$400 billion deal that will deliver more than 1.16 trillion cubic metres of gas, starting in December 2019. It’s one of Russia’s most important energy investments and a commitment with China to forge a long term supply link.

 
 

For Russia, utilising its Siberian oil and gas fields to serve northeast China gives it an opportunity to expand into a major market outside of Europe. Gazprom supplies about a third of Europe’s gas. “Power of Siberia” could open up to 12 per cent of the Chinese gas market.

China benefits from the gas pipeline’s long term, reliable and cheap gas supplies. But, as the world’s biggest oil and gas importer, China is also making moves towards pricing its buys in its own currency, the yuan, instead of the US dollar. A shift away from petrodollar dominance is a critical step to assert the yuan as a global reserve currency.

Russia’s energy ambitions don’t end there. After many years of delay, engineers are finally starting to build a US$6 billion, 1,500km undersea gas pipeline to transport gas from the southern tip of Sakhalin island to the region around Tokyo, via Japan’s northern island of Hokkaido.

Japan, a land bereft of energy resources or mineral commodities, is entirely dependent on gas and oil imports, which are expensive to ship from the US or the Middle East. A Russia-Japan pipeline would reduce this dependence and expand Russia’s influence in Asia.

Russia also began talking with India in 2016 about the feasibility of building a US$25 billion gas pipeline, which aims to transport Russian gas from Siberia over 6,000 kilometres through Chinese territory. A project of such scope requires China’s permission and long-term cooperation, which would force the three one-time historical rivals to settle their difference for their own mutual benefit.

All of these projects will require immense funding from Asian capital markets, considering that the Russian economy and all the state energy companies are still choking for funds from global financial sanctions.

United Company Rusal, the world’s second-largest aluminium producer, was the first of the Russian resource giants to raise capital in Hong Kong, with its equity offering in 2010. It won’t be the last. Expect more Russian energy and resource companies to tap the city’s bourse.

Perhaps the profile of these fundraising activities will match the technology companies that the Hong Kong exchange is actively courting.

Russia’s ambitious gas and oil pipelines are not merely engineering marvels that must traverse some of the world’s most hostile and challenging terrain, but are also plans that cut through cold war legacies and distrust.

Few projects will advance the yuan’s internationalisation as effectively as dominance in oil and gas. Call it the rise of the petroyuan, and the demise of the petrodollar.

 
 
 

Edited by USC, 27 October 2017 - 08:03 AM.

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#2 Nemesis

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Posted 27 October 2017 - 10:24 AM

Bye bye petrotoiletpaper


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#3 shaktiman

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Posted 27 October 2017 - 02:31 PM

The “Great Game” over oil and energy dominance is being played out in Asia’s energy markets. While US President Donald Trump plays a reactive, tactical game to “Make America Great Again” through unilateralism, China, Russia and Japan have their eyes on the long game. They are reshaping the global balance of power with bold, multilateral energy infrastructure plans and near-completed projects.

 

 

Nice and VERY informative post USC.

 

As many of us know here on the Forum, there is karma or as said by Jesus, "As you sow, so shall ye reap".

 

Some of us on  this illustrious Forum have in fact experienced events that go far beyond the human material constraints.

 

Nonetheless, these Karmic Judgments must play out fully as is the implicit meaning of your post and in time such courses of events play out in all endeavors.

 

(Hope that wasn't too long,  :creasup:)

Best!!!

 


Edited by shaktiman, 27 October 2017 - 02:33 PM.

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#4 USC

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Posted 27 October 2017 - 09:45 PM

shaktiman,

 

Putin does not care whether the North Stream-2 gas pipeline will be blocked or not by US and its EU puppets: Poland, Baltic states, Denmark. The gas will go to Asia. Putin will establish peace on the Korean peninsula, he'll put a gas pipe line of FRIENDSHIP AND WEALTH thru both Koreas to the south of Japan. And from the north through the Russian island of Sakhalin to the Japanese island of Hokkaido.

 

One gas pipeline from the North of Siberia to China is almost ready, there will be two more (one will go to India via China)

 

Who cares about those Eurofagian slaves of America? 


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#5 shaktiman

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Posted 27 October 2017 - 10:04 PM

Putin does not care whether the North Stream-2 gas pipeline will be blocked or not by US and its EU puppets: Poland, Baltic states, Denmark

 

 

If the EU puppets are left to simmer in their own stew, they will quickly eat themselves up.

 

I can't understand how they can be so stupid! It's as though Russia is a beautiful woman and the EU and America vie for the attention of an old hag.

 

It is beyond stupid. It is a complete aberration of logic.

 

 

 

Putin will establish peace on the Korean peninsula, he'll put a gas pipe line of FRIENDSHIP AND WEALTH thru both Koreas to the south of Japan. And from the north through the Russian island of Sakhalin to the Japanese island of Hokkaido.

 

 

That is the obvious move and President Putin's checkmate of the West is not far off.

 

President Trump has seen it coming and he is unhappy, not with Russia, but with the morons in the USG.

 

 

Who cares about those Eurofagian slaves of America

 

 

Not just Eurofags but Amerifags as well.

 

The entire US is flooded with them.

 

I wrote that the Russian Federation must be careful of them often.

 

Drugs and fagotry kill the soul of any nation.

 

Best regards


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#6 USC

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Posted 27 October 2017 - 10:18 PM

 

 

Drugs and fagotry kill the soul of any nation.

 

 

 

LOL! I'll take it !


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#7 USC

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Posted 27 October 2017 - 10:32 PM

Yesterday a former Russian Jew from the USSR appeared in the Russian political TV show. He lives in America for more than 40 years and  25  years of it he lives in Washington D.C.  (he is that NGO and Fund's azzhole), he is defenetly not a friend of Russia, but he honestly admitted...... the media atmosphere in America is HORRIBLE, people are divided into white and black, extreme right and left. Boomerang of "revolutions" has returned in America ...


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#8 shaktiman

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Posted 27 October 2017 - 10:47 PM

 people are divided into white and black, extreme right and left. Boomerang of "revolutions" has returned in America ...

 

 

 

 

A reasonable assessment USC. Karma again.

 

I know many Russian jews in America. They are NOT all evil but the Russian jewish mafia is very evil though not the non-jewish Russian mob but they are TOUGH.

 

Regards.


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#9 Ivan88

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Posted 27 October 2017 - 10:56 PM

Not just Eurofags but Amerifags as well.

 

The entire US is flooded with them.

 

I wrote that the Russian Federation must be careful of them often.

 

Drugs and fagotry kill the soul of any nation.

 

Best regards

das Fagott

woodwind musical instrument which gives a very low sound.

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Edited by Ivan88, 27 October 2017 - 10:57 PM.

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#10 USC

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Posted 28 October 2017 - 12:07 AM

 but they are TOUGH.

 

 

Not in their Zionazi Motherland.

 

All they can do is bite the teeth of Assad's regime, if at least one shell comes to the location of the Russian part .... they know what will happen. They understood this well in the war of 1982-1985. 

 

Natanyahu travels to Moscow himself send his emissaries to Moscow, offers his shekels and dollars to Putin, but Putin response: All of you (including Saudi Arabia, Qatar, and other limitrophs) YOU WILL LIVE NOW BY NEW! :)


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#11 Nemesis

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Posted 28 October 2017 - 12:47 PM

eurofagians can continue to bite on the fungus infested toes of ameriKKKa and pay them for the privilege.

 

Anyone not with Russia is nowhere and doomed to be toe biters.


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#12 wirehaired

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Posted 29 October 2017 - 04:19 PM

de8.jpg


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