China’s Power in Its Strategic Energy Partnership with the Eurasian Economic Union

Abstract

This article examines the current China-Russia partnership in the energy sector, focusing on natural gas and other Eurasian Economic Union countries’ role in this relationship. It argues that the foundation of China-Russia cooperation is strategic, despite the existence of several long-term issues, which make it fragile. Russia’s “pivot to China” in the energy field relies on practical considerations, such as export diversification and problems with Western countries. However, China has fast-growing demand and many choices of gas import. Moreover, China negotiates bilaterally with its partners, which secures Beijing an upper hand in gas talks, including those with Russia. The economic significance of energy interdependence in the Eurasian region allows a monopsonist China to leverage over the region’s regimes, including Putin’s Russia.