E-N-E-R-G-Y. I hate to sound like the climate change fanatics and say the debate is over but when it comes to natural resources, it is. It rules the geo-political decisions of the world’s leading powers.
China intends to invest in massive projects in Crimea less than a month after the former Ukrainian province was annexed by the Russian Federation.
Vladimir Chizhov, Russia’s ambassador to the European Union, said Russia is partnering with China in two major Crimean projects: the “Power of Siberia” gas pipeline and a 25 meter deep Crimean deep water port. These projects will continue despite the ongoing crisis in the Ukraine, Chizhov said.
Chizhov described the “Power of Siberia” gas pipeline as a mega-project that will pump 60 billion cubic meters of gas annually from the Kovykta and Tchayandinskoe gas fields to Russia’s far east, where a branch line will deliver 38 billion cubic meters a year…
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