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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (186619)4/22/2022 9:05:40 AM
From: TobagoJack  Respond to of 217591
 
Tooooooo funny

2,000 km away, a security threat, by a piece of paper signed

Very amusing

bloomberg.com

Why the Solomon Islands’ China Pact Has U.S. Riled

Low De Wei
April 22, 2022, 6:14 PM GMT+8


An aerial view of the harbour in Honiara, Solomon Islands.Photographer: Gilmore Tana/iStockphoto

The Solomon Islands has sent shock waves across the Pacific by signing a security cooperation pact with China. The island nation had faced pressure from its traditional allies, Australia and the U.S., to reject the deal as they seek to counter China’s growing influence in the region. The Solomon Islands’ leader told his parliament the pact wouldn’t undermine the “peace and harmony of our region.” That hasn’t squelched concerns about a possible Chinese naval base just 2,000 kilometers (1,200 miles) from Australia.

1. What’s the pact about?
Chinese Foreign Ministry spokesman Wang Wenbin said on April 19 -- the day the pact was announced -- that the cooperation would include “maintenance of social order, protection and safety of people’s lives and property, humanitarian assistance and natural disaster response, to help Solomon Islands strengthen capacity building and safeguard its own security.” According to an Associated Press report, Prime Minister Mannesseh Sogavare told his parliament in Honiara a day later that it will allow China to send police and military personnel to the Solomon Islands “to assist in maintaining social order.” Chinese warships also could stop in port there for “logistical replenishment.” Sogavare has insisted the pact would not allow China to construct a military base -- a concern that arose after a draft copy was leaked online in late March -- and has strongly asserted his country’s right to an independent foreign policy.

2. How did the deal come about?
Chinese diplomats have been wooing Sogavare for years and he has reciprocated by strengthening relations with the Asian superpower, including a contentious decision to switch the country’s diplomatic recognition to Beijing from Taipei in September 2019. That change has been one of the factors in growing domestic unrest between Sogavare’s government and the province of Malaita, the most-populous isle with a third of the nation’s 650,000 people. Daniel Suidani, who leads Malaita, has been a vocal critic of the switch to decision to cut diplomatic ties with Taiwan. Last year, anti-China protesters demanded Sogavare’s resignation, the Australian Broadcasting Corp. reported, while the Solomon Islands Herald said shops in the capital’s Chinatown were looted and damaged. Sogavare asked for Australian troops to help quell the unrest even as he accused “other powers” of encouraging the anti-China sentiment. A few months later came the security pact with China.

3. What’s the significance?

Russia's War in UkraineKeep up with the latest news and the aftermath of one of the worst security crises in Europe since World War II.

China has long been trying to beef up its presence in the Asia-Pacific, including building up its navy and constructing military facilities on disputed islands in the South China Sea. War hawks in Australia and the U.S. have warned that the This security cooperation pact could pave the way for Chinese military hardware and eventually a naval base in the South Pacific, although that’s not the immediate case now.

4. What about the U.S.?
The U.S. has long touted its alliances in the Pacific, including the sealing of a new defense accord with Australia and the U.K. last year, known as Aukus, and an older grouping known as the Quad that includes Australia, Japan and India, as part of efforts to counter the growing economic, political and military influence of China in the region. News of the pact came days before the Biden administration’s East Asia czar Kurt Campbell was to visit to the islands as part of a U.S. delegation to discusspartnerships to “deliver prosperity, security, and peace across the Pacific Islands and the Indo-Pacific.” In Beijing, Wang Wenbin criticized Western efforts to block the pact, saying: “We must point out that South Pacific island countries are not a backyard of any country, still less a pawn for geopolitical rivalry.”

5. What does this mean for Australia?
The Australian government, to which the South Pacific region has long looked to for support, expressed concern that the deal could “undermine stability.” More immediately, it could become an issue in Australia’s upcoming national elections. Prime Minister Scott Morrison has portrayed himself as tough on national security, but the diplomatic loss is providing ammunition for attacks on his government’s record. Shadow Foreign Minister Penny Wong called the signing of the security agreement the “worst failure of Australian foreign policy in the Pacific since the end of World War II.”

The Reference Shelf

A blog post from the Lowy Institute on the Solomons security pact.

A Guardian report on the process leading up to the signing of the pact.

Bloomberg Opinion’s Ruth Pollard on why the deal is a blow to the U.S. and Australia.

Another QuickTake on Aukus, the Quad and Five Eyes, and another on Australia’s election.as— With assistance by Ben Westcott

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To: TobagoJack who wrote (186619)4/22/2022 9:09:43 AM
From: TobagoJack  Read Replies (3) | Respond to of 217591
 
Re << Japan Formally Revokes Russia's 'Most Favored Nation' Status >>

… am unsure what the Japanese strategy is, to sanction Russia and to squat on Russian projects. Interesting approach.

Perhaps the prospect of having to purchase Russian gas from the Chinese-JV sourced from captured Japanese territory in a mix of Roubles, Yuan and Gold, but not Yen is too difficult to spin for the electorates

bloomberg.com

China's Interest in Shell's Russian Gas Stake Adds Impetus for Japan to Stay

If Japan exits Russian projects, others can enter: minister Japanese firms Mitsubishi and Mitsui have stakes in Sakhalin-2

Stephen Stapczynski
April 22, 2022, 11:22 AM GMT+8

China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC.

“If Japan leaves a project, then a third party can acquire it,” Trade Minister Koichi Hagiuda said in Tokyo on Friday. “Exiting energy projects in Russia would push up prices even further, and would not be an effective sanction strategy.”

Shell Plc is in discussions with several Chinese state-owned oil giants to sell a stake in the Sakhalin-2 LNG project that the London-based firm planned to exit after war erupted in Ukraine, Bloomberg reported on Thursday. Japanese trading houses Mitsubishi Corp. and Mitsui & Co. own a combined 22.5% of the Sakhalin project, and a majority of the gas produced there supplies Japan.

Exiting from Russian LNG projects would force Japan to source replacement fuel from the already tight spot market, threatening to boost prices that are trading near record-high levels.



Source: Bloomberg

Hagiuda declined to comment on the details of “individual business discussions” regarding Shell’s talks with Chinese firms. Mitsubishi and Mitsui weren’t immediately available for comment on Friday.

Japan is grappling with how to put pressure on Moscow, while also continuing to import natural gas and oil from Russia amid a global supply crunch. Sakhalin-2 is the closest LNG export project to Japan, and Prime Minister Fumio Kishida said last month that the nation shouldn’t withdraw due to its strategic importance for the resource-poor nation.

Still, Kishida made a surprise decision earlier this month that Japan would ban imports of Russian coal. So far, he is avoiding similar restrictions on other fuels.

Shell holds a 27.5% stake in the Sakhalin-2 project, which Wood Mackenzie estimates is worth $4.1 billion. Russia’s Gazprom has the remaining 50%.

— With assistance by Grace Huang

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