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China has made a number of big moves to help secure oil in the future. In September of 2004 China signed an agreement with Kazakhstan to establish an oil pipeline worth 3.5 billion dollars. Then in November of 2004 China signed a mega-gas deal with Iran that is worth 100 billion dollars, which could increase by up to another 100 billion. This deal entails the annual export of 10 million tons of Iranian liquefied natural gas for a 25 year period. The deal also gives China's state oil company participation in projects such as exploration, drilling and pipeline services. The export of liquefied natural gas requires special cargo ships and Iran is currently adding to its small fleet with continued expansion in the future...
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Common topics in this essay:
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