Miscellaneous News

Rettam Stacf

Junior Member
Registered Member
If china losses Pakistan that would be awful loss.
Doubt it.

When Imran Khan ran for PM, he used a lot of anti-China rhetoric. But once he got elected, he made a 180 degree turn and fully embraces China and CPEC. The next civilian government will not be any different.

Besides, the real power in Pakistan belongs to the generals. They have good relationship with China with all the weapon purchases and technology transfers. Besides, they need China's Security Council veto to protect them on some of their shadier work with people considered by the West as terrorists.
 

MortyandRick

Senior Member
Registered Member
Doubt it.

When Imran Khan ran for PM, he used a lot of anti-China rhetoric. But once he got elected, he made a 180 degree turn and fully embraces China and CPEC. The next civilian government will not be any different.

Besides, the real power in Pakistan belongs to the generals. They have good relationship with China with all the weapon purchases and technology transfers. Besides, they need China's Security Council veto to protect them on some of their shadier work with people considered by the West as terrorists.
That’s self so concerning that such a strong friend of China elected a leader with so much anti China rhetoric? Too bad china couldn’t have a relationship with Pakistani like Canada to the US. But then again China dislikes alliances.
 

Phead128

Captain
Staff member
Moderator - World Affairs
I never get to understand Pakistan as a country. Emotionally, I would side with majority of Chinese and call Pak a brother. But lots of facts just keep puzzling me. For example, CPEC should be at least equivalent to the 156 projects. But I have read so many negative stories around CPEC, sometimes there would be a few WTFs popping into my mind. If Pak ever hopes for a golden opportunity to fall from the sky, this is it. But, I don't see a national consensus on all-in for taking full advantage of CPEC.

If I am honest, Pak is as a burden to China as a brother could be. China literally constrains itself to further relationship with India because of this relationship. I am absolutely not talking about right or wrong, just facts. Even though I am not a fan of many things Indian, but I cannot deny the fact that China literally traded any chance to ally with India for Pak.
The unresolved territorial dispute between China/India is the biggest hindrance to normal relationship between China/India, not the China/Pakistan close ties. This, we can thank the barbaric legacy of British imperialism for the border dispute. Also, India's traditional is 'non-aligned', so there is no possibility for China/Indian 'alliance' even if the territorial dispute was resolved. At best, you can get shared strategic alignment on Multi-Polarity and anti-Hegemony, which can still occur without resolving territorial dispute, just see India's refusal to join Western attempts to isolate/sanction Russia. That said, even if the territorial dispute is resolved, India would be anti-Chinese hegemony too, and will play both sides against each other for maximum benefit. Soviet Union/Russia was a strong friend of India mostly because of weapon sales, not any shared ideology or politics. Does China have anything weapons to offer until recently?
 
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GodRektsNoobs

Junior Member
Registered Member
That’s self so concerning that such a strong friend of China elected a leader with so much anti China rhetoric? Too bad china couldn’t have a relationship with Pakistani like Canada to the US. But then again China dislikes alliances.
Dude, there are plenty of European politicians talking shit about US, even amongst the likes of Merkel and Macron. But when push comes to shove they all bow down to America like little puppies.
 

4Runner

Junior Member
Registered Member
The Chinese know abundantly well (no pun intended) what a famine looks like, esp. amongst those who'd lived through the Great Leap Forward.
Yeah. I think that is in the Chinese genes now. Some people said early in covid lock-down that the primary reason the Chinese could do it but the Americans could not is average Chinese family always find a way to save. As a result, even "poor" Chinese families can survive at least a few weeks of lock-down without starving.

Well, this time, there is another rumor, saying:
Sinopec was being forced to buy shat loads of US LNG in the context of US/China trade war. It has locked in many contracts prior to the current war. Now it simply tells its LNG ships to sail directly from US to Europe. And with these paper works, Sinopec is making around USD200mil per LNG boat. And rumor said Sinopec has those contracts in hundreds :cool:
 

Helius

Senior Member
Registered Member
Yeah. I think that is in the Chinese genes now. Some people said early in covid lock-down that the primary reason the Chinese could do it but the Americans could not is average Chinese family always find a way to save. As a result, even "poor" Chinese families can survive at least a few weeks of lock-down without starving.

Well, this time, there is another rumor, saying:
Sinopec was being forced to buy shat loads of US LNG in the context of US/China trade war. It has locked in many contracts prior to the current war. Now it simply tells its LNG ships to sail directly from US to Europe. And with these paper works, Sinopec is making around USD200mil per LNG boat. And rumor said Sinopec has those contracts in hundreds :cool:
Yeah Unipec (business arm of Sinopec) is supplying them with US gas, presumably diverted from the same Louisiana plant that they'd signed to buy the gas from -

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Sinopec signs China's largest long-term LNG contract with U.S. firm​

November 4, 2021

BEIJING, Nov 4 (Reuters) - China's Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years.

The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said in a statement. The LNG will be supplied from its plant in Plaquemines, Louisiana.

"This sales agreement is historic...This deal will also strengthen bilateral economic and trade cooperation between the U.S. and China, representing tens of billions of dollars in trade over the course of contract," Mike Sabel, Chief Executive Officer of Venture Global LNG, said in a video ceremony on Thursday.

The deal will double China's imports of U.S. LNG, he said.

China imported 6.32 million tonnes of LNG from the United States in the first nine months, Chinese customs data showed.

But the company did not specify the value of the deal or when supply would begin. Analysts expect the Plaquemines plant will begin production in 2024.

In October, Reuters reported that China had agreed three huge LNG deals with the firm as Beijing seeks to secure long-term supplies amid soaring gas prices and domestic power shortages.

Separately, Unipec, a subsidiary of Sinopec, will also buy a total of 3.5 million tonnes of LNG from the Calcasieu Pass project owned by Venture Global LNG for a shorter duration, the statement said.

Sinopec expects natural gas prices in China to rise at least 20% in the fourth quarter from a year earlier, as officials of energy firms estimate gas demand will rise 10% this winter.

What's particularly telling is that this doesn't just happen because of the war. China is in fact contracted to supply LNG to Europe through the year, precisely because China had already had ample stockpile when Covid hit.

Remember when Biden asked Xi to release China's reserves last year when OPEC wouldn't budge?

It only goes to show how gas-strapped Europe already was even before the war.

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Chinese LNG reload heads to Europe​

Published date: 21 January 2022

Europe is poised to receive a cargo reloaded at a Chinese LNG import terminal, as the region remains the global premium market for LNG and weaker demand leads Chinese firms to resell cargoes.

The 155,000m³ Gaslog Singapore loaded a cargo at the 3mn t/yr Yangpu terminal in China's Hainan around 1-4 January, after delivering a cargo at South Korea's 3mn t/yr Boryeong LNG terminal. It sailed back towards Europe with a reported draft of 11m, consistent with a laden vessel.

The LNG carrier was about to enter the Adriatic Sea on 21 January, declaring for arrival on 22 January. There are only two LNG import facilities within the Adriatic — Italy's 5.7mn t/yr Adriatic LNG and Croatia's 2.05mn t/yr Krk LNG terminals. But the declared date of arrival would be consistent with a scheduled delivery of around 940GWh (136,000m³ of LNG) at the Italian terminal. No LNG carriers were declaring for arrival at the facility on 22 January, with shiptracking data suggesting that no other laden carriers could reach the facility in time for this delivery slot.

Shiptracking data suggest the vessel is chartered to German utility RWE, market participants said.

Continued outbreaks of Covid-19, above-average temperatures and ample LNG stocks in China at the beginning of January has weighed on the country's LNG demand. A number of Chinese firms have sought to sell LNG cargoes to the spot market in recent days, with state-controlled Sinopec's trading arm Unipec offering up to 45 cargoes on a des basis for delivery over February-October, while fellow state-controlled firm CNOOC offered an unspecified number of cargoes for May-November. The tenders come after a number of Chinese firms have been marketing surplus prompt volumes back to the spot market.

A slowdown in Asian LNG demand has already spurred firms to reroute cargoes to European terminals in recent weeks as European delivered prices have turned to a premium to the northeast Asian market.

By Konstantinos Pitsilis
 
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