Russia and China signed new energy supply deals Feb. 4, as tension with the West over Ukraine underlines the strategic importance of further supply diversification to the East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now State-run oil giant Rosneft signed a 10-year supply deal with China’s CNPC for supplies of 100 million mt, or 200,821 b/d, of crude on the sidelines of a state visit by President Vladimir Putin to China. The deliveries will be shipped via Kazakhstan for refining at plants in Northwest China, Rosneft said. Separately, Russia’s Gazprom signed a 10 Bcm/year gas supply deal with CNPC which will see Gazprom’s pipeline supplies to China reach 48 Bcm. Russia has long aimed to capitalize on its vast resources and strategic location to cater to the increasing demand in China. This strategy has picked up pace since 2014, when Western sanctions […]