PetroleumWorld: Energy-hungry China looks to Latin America (Sunday´s Opinion)

Excerpt:
"By the Economist Intelligence Unit

China's fast-paced economic growth—averaging 9.1% per year in the last decade—can only be sustained by high energy consumption, an increasing amount of which will need to be imported. Given global competition for energy resources, China's energy policy is now focused on securing a steady supply in the medium to long term. This means looking beyond traditional suppliers in Asia and the Middle East and seeking new alliances with potential suppliers in Africa and Latin America. However, while Latin America's importance to China is growing, it will never become a core energy supplier. Further, relations are likely to remain of a commercial nature, and China is not apt to become a committed political ally for Latin America."

http://www.petroleumworld.com/SunOPF07042301.htm

Alex

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