"China must secure its energy supply in its own hands, its president was reported to have said during a visit to one of its vast oilfields in 2021."
"Oil exports from the Middle East have tumbled 61% over recent weeks, according to maritime tracking consultancy Kpler, roiling countries across Asia."
"China, which usually imports around half its crude supplies from the Middle East, is not as exposed as other Asian economies."
"Chinese vessels operated by state-owned firms are meanwhile working to navigate the broader region, securing alternative supplies amidst the conflict."
China has prepared for energy crises, emphasizing self-sufficiency. The US-Israel conflict has disrupted Middle Eastern oil exports, affecting Asian economies. However, China, with its substantial oil and LNG reserves, is less reliant on Middle Eastern imports compared to countries like Japan. Despite the turmoil, China's imports from Iran have only slightly decreased. State-owned vessels are actively securing alternative supplies, demonstrating China's strategic maneuvering in the energy sector amidst regional instability.
Read at www.theguardian.com
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