Tuesday, March 3, 2015

China walking into same oil-dependency trap as US

New oil pipeline highlights China’s effort to strengthen energy security - AJW by The Asahi Shimbun: "KYAUKPYU, Myanmar--China has constructed a pipeline to pump crude oil from the Bay of Bengal to southern China through Myanmar as part of an effort to ease its reliance on the pirate-ridden Malacca Strait.

China also constructed a deep-water port in Myanmar so it can annually transport 22 millions tons of crude, the equivalent of 8 percent of China's total oil import in 2013, through the pipeline."