China increasing energy ties to Russia

Growing demand from China is expected to be one of the defining features of the energy market in coming years, as the country looks to continue its rapid expansion. China Daily reports that China has begun to increase its dealings with its northern neighbor Russia to help satisfy that demand.

While Russia is one of the world's largest energy exporters, including massive amounts of both oil and natural gas, much of its industry is focused westward where it trades with countries in Europe, and south toward central Asia.

China has begun to bridge the divide with the first natural gas pipeline between the eastern region of Siberia and China coming online earlier this year.

"Growth of such imports from Russia will continue, as the two countries, which represent the world's major oil consumer (China) and supplier (Russia), need each other to maintain economic momentum," Song Kui, a senior energy researcher at the Northeast Asia Research Institute at the Heilongjiang Provincial Academy of Social Sciences, told China Daily.

Reuters reports that China is still also considering the possibility of another new gas pipeline with Russia that would make it the single largest customer for Russian natural gas in the world.

PennEnergy's Research area offers outlooks for natural gas exploration and production in China.

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