Golez: China stockpiling oil, afraid of oil blocked in Indian Ocean? "Amid border tensions, China oils its strategy" https://t.co/OGsxRMMdtU
INQUIRER.net philstar.com MANILA BULLETIN ABS-CBN News
I quote from the article:
1. China vulnerable to oil blockade: “China is playing psychological warfare... but it should realise that even if it defeated India in a war on land, it would be impossible for the PLA navy to break India’s maritime containment,” Antony Wong Dong, a Macau-based military expert, was quoted as saying by the South China Morning Post.1."
2. China stockpiling oil, one shipment contains 3 million barrels!! "Amid looming crises in its neighbourhood, from the Korean Peninsula to the Doklam Plateau in the Himalayas, China has been beefing up its strategic petroleum reserve (SPR). The sight of huge oil tankers offloading in China’s giant ports should come as no surprise. Earlier in August, the world’s largest active oil tanker, TI Europe, was spotted at China’s giant Ningbo port in the East China Sea. The humongous vessel can ferry 3 million barrels in a single shipment. That is nearly equal to the total daily production of the oil-rich Kuwait.
3. China's Malacca dilemma: "Dependent on energy imports, China’s quest for building SPR capacity is understandable. Chinese fears, born out of geopolitical rivalry, are mainly centred on the Malacca Straits — the channel linking the Indian Ocean and the Pacific — through which vast volumes of global trade flow. Nearly 80% of China’s oil shipments travel through the Indian Ocean or the Strait of Malacca. Any disruption of the two-way movement of tankers and container shipping through this channel to Chinese ports would be catastrophic.
Unsurprisingly, China has pursued the avoidance of what is called the “Malacca trap”. Its huge West-East pipeline system has been drawing Central Asian gas overland to the shore-based industrial hubs such as Shanghai, Guangzhou and Shenzhen. Ports such as Gwadar in Pakistan and Kyaukpyu in Myanmar have been arguably set up to avoid the tricky Malacca Straits."
4. Naval dimension of China-India Standoff in Doklam, Himalayas: "There is no definitive word yet on the size of China’s strategic energy reserves. A Reuters report quoting China’s Commerce Ministry said that by the middle of 2016, China had 33.25 million tonnes of crude oil in its SPR inventory. But others, using satellite imagery and big data processing, estimate that the country’s capacity is much larger. The crisis in the Doklam plateau and the possibility of the standoff between Indian and Chinese troops drifting into open conflict has brought China’s energy security into sharp focus. According to some analysts, a China-India conflict could acquire a naval dimension, affecting China’s energy supplies."
Amid border tensions, China oils its strategy