China is considering buying or increasing stakes in Russian energy and commodites companies such as gas giant Gazprom and aluminum producer United Co. Rusal International, according to Bloomberg citing people familiar with the matter.
According to Bloomberg, Beijing is in talks with its state-owned firms, including China National Petroleum, China Petrochemical, Aluminum Corporation of China and China Minmetals Corporation, on any opportunities for potential investments in Russian companies or assets.
Among China’s current energy investments in Russia, CNPC has a 20 per cent stake in the Yamal LNG project and a 10 per cent state in Arctic LNG 2, while Cnooc also owns 10 per cent of Arctic.
