Now keeping China well supplied is SA's "Top Priority"

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Now keeping China well supplied is SA's "Top Priority"

Post by dan_s »

We can kiss energy independence good bye and we can no longer depend on Saudi Arabia. We better build the Keystone XL pipeline.

Saudi Aramco to supply China for 50 years. Saudi Aramco (TADAWUL: 2222) will ensure China’s energy security is a top priority for the next half-century. “Ensuring the continuing security of China’s energy needs remains our highest priority – not just for the next five years but for the next 50 and beyond,” CEO Amin Nasser told the China Development Forum on Sunday.

Biden sidelines Saudi Arabia. The U.S.’s new cornerstone strategy to counter growing Chinese influence in the Middle East’s oil and gas sector appears to barely involve Saudi Arabia at all.
Dan Steffens
Energy Prospectus Group
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