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
4 April 2025
With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market
4 April 2025
The April 2025 issue of Petroleum Economist is out now!
4 April 2025
Renewed China tensions threaten island’s inflows of oil and gas from overseas
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch