Russians Will Build Oil Pipeline To Japan (from ATSNN)

Russian government after 2 years of bargaining with China and Japan has decided to build the pipeline to Japan. The Japanese had offered to pay for the cost of the pipeline. The pipeline would help relieve Japan's reliance on the Middle East, from where it imports 88% of its energy resources. The Chinese made no similar offer and were rejected. It could mean the loss of a 80 million tons per year of oil for China(that's 1.6 million barrels a day).



I find this to be just another example of the Chinese losing out due to not taking the bull by the horns, and putting more on the table at right moment. The ship is now sailing without them. The Chinese have a major problem with lack of oil resources to ensure growth. This could hurt their economy.

Related News Links:
www.axcessnews.com
www.japantoday.com
BBC News
FromTheWilderness.com


[edit on 1/13/2005 by bodebliss]

This sounds like the Chinese are trying to cover up hurt feelings with a sour grapes rant.

No big winner in wrestle for Russia's oil pipeline

On the last day of 2004, Russia finally decided to route its oil pipelines in the Far East to the Pacific. It signifies the failure of the Angarsk-Daqing pipeline, which connects to China's Daqing, and the success of the Tayshet-Nakhodka pipeline, which leads to the Pacific.

In the past year, the oil pipeline, which is designed to carry 80 million tons of oil a year, churned the geoeconomic strategy in the entire East Asia region, triggering fierce triangle wrestling between China and Japan, China and Russia, as well as Japan and Russia in energy and political relations. Although the Tayshet-Nakhodka pipeline scheme finally won, as the fate of the oil pipeline, which will not be put into commercial operation until 2010, is determined, the wrestle for Russia's Far East oil has actually become a tie, without a big winner.

Rest of Story

Here's an article that sounds like the Chinese have hurt feelings

No big winner in wrestle for Russia's oil pipeline

On the last day of 2004, Russia finally decided to route its oil pipelines in the Far East to the Pacific. It signifies the failure of the Angarsk-Daqing pipeline, which connects to China's Daqing, and the success of the Tayshet-Nakhodka pipeline, which leads to the Pacific.

In the past year, the oil pipeline, which is designed to carry 80 million tons of oil a year, churned the geoeconomic strategy in the entire East Asia region, triggering fierce triangle wrestling between China and Japan, China and Russia, as well as Japan and Russia in energy and political relations. Although the Tayshet-Nakhodka pipeline scheme finally won, as the fate of the oil pipeline, which will not be put into commercial operation until 2010, is determined, the wrestle for Russia's Far East oil has actually become a tie, without a big winner.

The Rest Of The Story

This an example of Chinese propaganda sour grapes.