Facing volatility, China looks to energy to anchor Gulf ties (Jesse Marks – ASPI The Strategist)

hina is moving quickly to shore up its long-term energy ties with Gulf Cooperation Council (GCC) states through fixed purchasing agreements with Gulf suppliers. A series of agreements reached over the past few months have anchored Beijing’s energy security to Gulf producers at a time when trade friction between it and Washington, regional instability and threats to key maritime chokepoints are threatening global energy flows. These agrements are to some degree shielding China from market volatility while giving Gulf states stable demand and strategic footholds in Asia’s largest energy markets.

Facing volatility, China looks to energy to anchor Gulf ties | The Strategist