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BP considers intermediating China-Russia oil, gas cooperation
Beijing, Nov 21: With uncertainty clouding the much talked about Russia-China gas pipeline deal, a senior official of British Petroleum said his company was considering acting as an `intermediator`.
Beijing, Nov 21: With uncertainty clouding the much talked about Russia-China gas pipeline deal, a senior official of British Petroleum said his company was considering acting as an "intermediator".
However, the BP vice president and global head of mergers and acquisitions, Ian M Smale clarified that it was just a business idea of BP and there was no specific project in this regard so far.
An analysis report released by BP in November said that the fastest growth of energy consumption would occur in China in the next 50 years and the energy demand in the country increased by 20 per cent last year. The BP report also showed that Russia currently has natural gas reserves of 48 trillion cubic meters, the largest in the world.
Smale said BP attaches great importance to the partnership with Chinese oil and gas companies and BP understood Chinese companies' interest in Russia's energy resources.
Meanwhile, the Chinese foreign ministry spokesman Liu Jianchao has expressed the hope that China and Russia will honour their commitments on the construction of the oil pipeline between the two countries. Liu made the remarks while commenting on a Russian media report that the Russian government had refused the construction of the oil transmission pipeline from its Angarsk oil fields near lake Baikal in eastern Siberia to refineries in north-eastern China's Daqing city.
Bureau Report
An analysis report released by BP in November said that the fastest growth of energy consumption would occur in China in the next 50 years and the energy demand in the country increased by 20 per cent last year. The BP report also showed that Russia currently has natural gas reserves of 48 trillion cubic meters, the largest in the world.
Smale said BP attaches great importance to the partnership with Chinese oil and gas companies and BP understood Chinese companies' interest in Russia's energy resources.
Meanwhile, the Chinese foreign ministry spokesman Liu Jianchao has expressed the hope that China and Russia will honour their commitments on the construction of the oil pipeline between the two countries. Liu made the remarks while commenting on a Russian media report that the Russian government had refused the construction of the oil transmission pipeline from its Angarsk oil fields near lake Baikal in eastern Siberia to refineries in north-eastern China's Daqing city.
Bureau Report