Hitting China's great wall
Sri Lanka has presented some unlikely roadblocks to China's Silk Road project
The city of Hambantota in Sri Lanka could present an unlikely obstacle in the way of the otherwise relentless progress of China's giant Belt and Road project—part of the country's modern Silk Road initiative. This already encompasses many energy-based and other infrastructure projects in the Asia-Pacific region. In a direct affront to Beijing's long-term strategy, India has assumed the operation of a Chinese-built airport near the town that was intended to be part of a Belt and Road complex linked with an adjacent seaport. This is also Chinese-built and near one of the world's busiest shipping lanes. Just as surprisingly, in October the Sri Lankan government rejected China's offer to build a
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift