energy

In the wake of Western sanctions on Russia over Ukraine, Russia looked to China to enhance economic ties, concluding ten years of negotiations with China on a new gas pipeline. On September 7, 2014, Russia launched the "Power of Siberia" project, a 4,000 km pipeline, stretching from gas fields of Yakutia to the Sea of Japan, to be used by Moscow to supply natural gas to China. The project is a $400 billion project to be completed over a period of 30 years.  (http://www.iol.co.za/business/international/ukraine-crisis-accelerates-russia-china-deal-1.1747103#.VAwW8sKSyuk) 

In 2013, the Russian state-owned oil enterprise Rosneft signed a major contract with Beijing. (https://www.iol.co.za/business-report/international/ukraine-crisis-accelerates-russia-china-deal-1747103#.VAwW8sKSyuk)

The China National Petroleum Corporation (CNPC) owns 20% stakes in a liquefied natural gas (LNG) project in the Artic Yamal peninsula, along with Novatek (Russia) and Total (France). (https://www.iol.co.za/business-report/international/ukraine-crisis-accelerates-russia-china-deal-1747103#.VAwW8sKSyuk)

Due to the shale revolution, the US has transformed from the world's largest oil consumer to the world's largest oil producer in a few short years. (https://www.reuters.com/article/us-oil-iea/u-s-soon-to-overtake-russia-as-top-oil-producer-idUSBRE99A08N20131011?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637

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References

"Ukraine crisis accelerates Russia-China deal," Business Report, September 7, 2014. (https://www.iol.co.za/business-report/international/ukraine-crisis-accelerates-russia-china-deal-1747103#.VAwW8sKSyuk) 

Zhdannikov, Dmitry. "US soon to overtake Russia as top oil producer," Reuters, October 11, 2013. (https://www.reuters.com/article/us-oil-iea/u-s-soon-to-overtake-russia-as-top-oil-producer-idUSBRE99A08N20131011?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637)