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China-Pakistan Economic Corridor: What you need to know
Jun 23: It is necessary for Indian players to understand the energy dynamics of the $ 46 billion China-Pakistan Economic Corridor (CPEC).
8What will it entail?
8What are the big benefits really for China?
8And will China shift its coal based power projects out of China into Pakistan, fired by coal imported from Chinal?
8There is mutual gain too for both countries from CPEC
8Almost 80% of China’s total oil imports are currently transported from Strait of Malacca to Shanghai. This distance is roughly 16,000 kilometer and takes 2 to 3 months. With Gwadar in Pakistan becoming operational as a part of CPEC, the oil route can be reduced substantially to less than 5,000 kilometers. China plans to build oil storage facilities and a refinery at Gwadar Port, to facilitate transportation of oil via road and pipeline to mainland China through its Xinjiang region.
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