In May, Russia's Gazprom and state-owned China National Petroleum Corporation (CNPC) concluded a 30-year gas export agreement with a reported worth of USD 400 billion after almost ten years of negotiation. In early September, Putin blessed Rosneft's offer to Chinese companies a stake in Russia's second-largest oil project, which would be the most significant Chinese equity investment in Russia's onshore oil industry to date. Is Russia moving closer to China due to short-term regional geopolitics and the pressure of sanctions pursuant to the Ukraine crisis, or is this part of a long term adjustment of the two nations' energy relations? At the same time, China and Russia continues to compete in Central Asia, as China grows its economics presence in the region through investment in energy infrastructure. This event shall explore the wider implications of the developments in China and Russia’s relations.
Professor Keun-Wook Paik, Senior Research Fellow, Oxford Institute for Energy Studies, and Associate Fellow, Energy, Environment and Development Programme, Chatham House
Professor Paik is a global authority on Sino-Russian oil and gas cooperation studies, as well as on China’s natural gas industry, and DPRK’s offshore oil exploration. During the last two decades, he has been an advisor to Sino-Russian Oil and Gas Cooperation Committee of CNPC and was advisor to Chairman of the Government, Sakha Republic, Russia. He also served as consultant for the establishment of UNDP Greater Tumen Initiative’s Energy Board and the Energy Expert Council. He is the author of "Sino-Russian Oil and Gas Cooperation: The Reality and Implications" (OUP, 2012) and has contributed to a range of research and publications.
Aleksandrs Popovics, Upstream Analyst, Russia Energy Research, Wood Mackenzie
Aleks specialises in Russian oil, gas and NGL production, prices and tariffs, infrastructure and transportation, fiscal terms and upstream costs. Aleks has been closely following Gazprom's upstream and midstream projects in Russia and abroad, and travels to Russia frequently to meet with upstream companies operating in different regions of Russia. He is in regular contact with Wood Mackenzie’s research clients, responding to various oil and gas queries on his covered areas.
Sarah Lain, Research Fellow, Royal United Services Institute (RUSI)
Sarah has a particular interest in Central Asia and China’s growing influence in the region. Her research also focuses on Russia and the former Soviet Union. Prior to joining RUSI, she was an Assistant Manager in the Corporate Intelligence team within KPMG London’s Forensic practice and has worked as an Associate Consultant on the Russia/CIS desk of the Corporate Investigations department at Control Risks. Sarah has lived in Ukraine and Russia.
The discussion will be followed by a drinks and networking reception, kindly hosted by Allen & Overy LLP Global Law Intelligence Unit.
Due to high demand, registration for this event has now closed. To join the waiting list, please email Edith.Lai@ypfp.org your name, contact email and professional affiliation.
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