China energy deals “launch pad” for Russia’s gas diversification – Moody’s

China energy deals “launch pad” for Russia’s gas diversification – Moody’s

Moscow’s 15-month marathon of energy deals with China will boost the credit of Russian oil and gas companies and reduce Russia’s reliance on European energy markets, Moody’s Ratings Agency said in a note.

Russia’s oil majors- Rosneft, Gazprom, and Novatek have all struck major deals with Chinese partners, which provide long-term financial stability for the companies, which are at risk of Western sanctions and decreased demand in Europe, Moody’s said Tuesday.

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