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Letzte Aktualisierung: February 25, 2022

The eternal struggle for oil and gas

The Ukraine war is also part of a global struggle for oil and gas. The USA wants to sell more of it to Europe. China, in turn, wants to be less dependent on oil and gas from the US and its allies – and is leaning toward Russia. Beijing's long-term commitments give Russian President Vladimir Putin the necessary leeway for this war.
Frank Sieren
Frank Sieren
The meeting between Russian President Vladimir Putin and Chinese leader Xi Jinping at the opening of the Winter Olympics in Beijing had the demonstrative effect of a geopolitical closing of ranks. But it also had enormous energy policy significance. Putin and Xi signed an agreement on gas and oil supplies from Russia to China worth $117 billion.
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