The Russia to China gas deal is more than just a story of global markets and geopolitics. The gas pipeline between China and Russia also represents concrete personal achievements that Vladimir Putin and Xi Jinping can point to in defending their authoritarian policies against criticism from home and abroad. Meanwhile, behind the scenes, the gas deal is a game of spigots: a well-timed effort by both Russia and China to simultaneously inject resources in to ailing national oil and gas companies (NOCs) in exchange for new political control over these flagship state enterprises.
Forbes: Russia to China gas deal – a game of spigots?
The Russia to China gas deal is more than just a story of global markets and geopolitics.
