Chief Executive Officer of Russia’s top oil producer Rosneft Igor Sechin does not rule out that US may double supplies of energy resources to China within 3-5 years, TASS reports.
"As you know currently China’s energy import from the US is relatively small, worth around $7.2 bln per year, which accounts for around 3% of China’s energy imports. If implemented, the US-China tentative framework deal may double supplies of energy resources from US to China within the next 3-5 years. Those agreements bring direct losses for producers of other countries, with some of them concurrently facing direct US sanctions," he said at the St. Petersburg International Economic Forum on Friday.
According to Sechin, it raises an expected question of misrepresented market mechanisms.