Policy & Regulation

BRI could cut Russia’s share of Euro market – Umbach

China needs a stable and prosperous Middle East for the success of its Belt and Road Initiative, and for this reason it will support oil and gas export projects disliked by Moscow, Frank Umbach tells Interfax Natural Gas Daily China needs a stable and prosperous Middle East for the success of its Belt and Road Initiative, and for this reason it will support oil and gas export projects disliked by Moscow, Frank Umbach tells Interfax Natural Gas Daily.
By Silvia Favasuli 25 September 2018 0 32666
A China-Europe freight train departs Zhengzhou. China is building trade links with Europe and the Middle East. (PA)

China may soon start challenging Russian energy interests in the East Mediterranean as it seeks to create the stability it needs for its Belt and Road Initiative (BRI), Frank Umbach, research director at the European Centre for Energy and Resource Security, said in a recent paper. 

In this interview with Interfax Natural Gas Daily, Umbach said that China will help develop gas export projects in the East Mediterranean region over the next 10-15 years, potentially eating into Russia’s share of the European gas...