{"id":25543,"date":"2017-09-13T06:06:11","date_gmt":"2017-09-13T11:06:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25543"},"modified":"2017-09-13T06:06:11","modified_gmt":"2017-09-13T11:06:11","slug":"unknown-oil-gas-deal-just-changed-the-global-energy-balance","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25543","title":{"rendered":"Unknown Oil &#038; Gas Deal Just Changed The Global Energy Balance"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Oil-Prices\/Unknown-Oil-Gas-Deal-Just-Changed-The-Global-Energy-Balance.html\">Unknown Oil &amp; Gas Deal Just Changed The Global Energy Balance<\/a><\/h3>\n<picture><img decoding=\"async\" class=\"singleArticle__articleImage\" title=\"Doha\" src=\"http:\/\/cdn.oilprice.com\/a\/img\/content\/article\/718x300\/077f3040de4733bc336099d555a6cb94.jpg\" alt=\"Doha\" \/><\/picture>\n<div id=\"article-content\" class=\"wysiwyg clear\">\n<p>One of the biggest energy stories this year has been Russia\u2019s Rosneft buying India\u2019s Essar Oil \u2014 giving the Russian company a firm grip on one of the world\u2019s biggest\u00a0<a href=\"http:\/\/piercepoints.com\/energy-investment-exploration-oil-rosneft-essar-russia-india\/\">emerging oil and gas markets<\/a>.<\/p>\n<p>And this past week, that story got more complex. With Rosneft striking another big deal \u2014 drawing in another heavyweight energy nation.<\/p>\n<p>China.<\/p>\n<p>Rosneft\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-08\/china-s-cefc-buys-stake-in-rosneft-from-glencore-and-qatar\">announced Friday<\/a>\u00a0it is selling a significant chunk of its equity to Chinese investors. In this case, little-know exploration and production firm CEFC China Energy.<\/p>\n<p>Although few investors know CEFC, the company is bringing significant capital to the deal. With the firm agreeing to pay $9 billion to acquire a 14.16 percent stake in Rosneft.<\/p>\n<p>The deal is historic in being the first major buy-in by China into the Russian oil and gas sector (although Chinese firms have been involved in financing\u00a0<a href=\"http:\/\/piercepoints.com\/energy-investment-exploration-lng-yamal-export-russia-china-banks-loan-project-finance\/\">LNG export projects<\/a>\u00a0in the Russian Arctic). Showing the strength of the ever-growing ties between Russia and China in the energy space.<\/p>\n<p>Rosneft and CEFC have been at the center of that burgeoning relationship. With the two companies having signed a deal this past September for long-term supply of Russian crude into China.<\/p>\n<p>This week\u2019s equity purchase further cements those business ties. And shows that China sees Russia as a critical ally in the energy game going forward.<\/p>\n<div class=\"solar_banner\">But there are implications well beyond these two countries. With China now having backdoor access into markets like India \u2014 through Rosneft\u2019s recently-acquired holdings in that country.<\/div>\n<p>That\u2019s a critical development for the world energy picture. Given that Chinese companies haven\u2019t directly gained much access into India \u2014 despite the nation being one of the most important emerging players on the energy stage.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Unknown Oil &amp; Gas Deal Just Changed The Global Energy Balance One of the biggest energy stories this year has been Russia\u2019s Rosneft buying India\u2019s Essar Oil \u2014 giving the Russian company a firm grip on one of the world\u2019s biggest\u00a0emerging oil and gas markets. And this past week, that story got more complex. With [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[12739,15973,422,5332,694],"class_list":["post-25543","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-dave-forest","tag-essar-oil","tag-india","tag-oilprice-com","tag-russia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25543"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25543\/revisions"}],"predecessor-version":[{"id":25544,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25543\/revisions\/25544"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}