Monday, October 27, 2025

Articles by Bloomberg

5 articles found

US-Pakistan ties ‘not at the expense of India’: Rubio
Technology

US-Pakistan ties ‘not at the expense of India’: Rubio

The US is seeking to expand its strategic relationship with Pakistan but those ties do not come at the expense of Washington’s relations with India, Secretary of State Marco Rubio has said. Just like India had ties with countries that the US did not, the vice versa applies, Rubio told reporters on board a flight to Doha. “It’s part of a mature, pragmatic foreign policy,” he said on Saturday. “I don’t think anything we’re doing with Pakistan comes at the expense of our relationship or friendship with India, which is deep, historic and important.” The US’ pivot towards Pakistan under President Donald Trump has irked New Delhi and coincided with a fraying in ties between Trump and Prime Minister Narendra Modi. Pakistan and India, nuclear-armed neighbours with a contentious history, came close to a full-blown war in May. Trump said he used trade as a bargaining chip to secure a peace deal between the two sides, a claim rejected by India. Pakistan, instead, hailed Trump’s intervention and nominated him for a Nobel Peace Prize at the time. “Look, we’re fully aware of the challenges with regards to India and everything else, but our job is to try to create opportunities for partnerships with countries where it’s possible,” Rubio said. “And we’ve had a long history of partnering with Pakistan on counterterror and things of that nature. We’d like to expand it beyond that, if possible.” Rubio said he had reached out to Pakistan even before the conflict with India began, saying the US was “interested in rebuilding an alliance, a strategic partnership”, he said. Trump hit India with 50 per cent tariffs on its exports to the US, far higher than Pakistan’s 19 per cent rate. The US has also signed deals with Pakistan on mining of critical minerals and oil. Meeting on the sidelines Rubio arrived in Malaysia on Sunday to attend the Asean summit along with Trump. Modi skipped the Association of Southeast Asian Nations summit, missing out on a possible meeting with the US president. Trump on Sunday oversaw the signing of a peace agreement between Thailand and Cambodia, using the event to highlight his track record in mediating conflicts. He made reference to Pakistan’s Prime Minister Shehbaz Sharif and Army Chief Asim Munir as “great people”. Rubio met India’s External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the Asean summit on Monday, giving the two officials an opportunity to discuss trade negotiations and India’s purchases of Russian oil. Few details were released, but the meeting is the highest-level contact since the United States imposed sanctions last week on Russian oil companies, a key source of India’s crude supplies. Jaishankar posted a photograph on social media showing him smiling and shaking hands with Rubio, saying he “appreciated the discussion on our bilateral ties as well as regional and global issues”. Trump has demanded India halt its purchases of Russian energy, which he says is helping finance President Vladimir Putin’s war in Ukraine. India is among the largest buyers of Russian crude, which makes up about a third of the nation’s total oil imports. The US’ move last week to sanction two major Russian oil suppliers has sent Indian buyers scrambling for alternate sources. Rubio said Delhi had already informed Washington about its intention to diversify oil supplies and buy more energy from the US. “The more we sell them, the less they’ll buy from someone else,” he said. Additional reporting by Agence France-Presse

China’s Pacific Gas owns LNG ship skirting Russian sanctions
Technology

China’s Pacific Gas owns LNG ship skirting Russian sanctions

China began importing US-sanctioned Russian LNG in late August, a move that coincided with a visit to Beijing by president Vladimir Putin. (AFP pic) KUALA LUMPUR: A liquefied natural gas (LNG) tanker off Malaysia that appears to be receiving fuel from a sanctioned Russian vessel is owned by Chinese shipping firm Pacific Gas, according to people with knowledge of the matter. Satellite images taken on Oct 18 and Oct 23 show the Chinese LNG tanker, CCH Gas, immediately parallel to the Perle, a ship carrying LNG fuel from the Portovaya plant on Russia’s Baltic coast, which was blacklisted by the US in January. The Perle itself was also sanctioned at the time. The position of the two vessels is typical of a ship-to-ship transfer, which can take several days. Pacific Gas, a firm with offices in Hong Kong, Shanghai and Singapore, took over ownership of CCH Gas earlier this year, according to the people, who declined to be named discussing a sensitive matter. The company is primarily the owner of liquid petroleum gas vessels. The transfer would be the first documented occurrence of a Chinese-owned vessel assisting with the transport of blacklisted Russian LNG, and as such is a test of the White House’s measures to curb Moscow’s energy revenues that it’s using to fund its war in Ukraine. China began importing US-sanctioned Russian LNG in late August, a move that coincided with a visit to Beijing by president Vladimir Putin. Moscow has a longstanding agreement with Beijing to supply gas via overland pipelines that isn’t subject to US measures. Pacific Gas, a unit of state-owned Shandong Marine Energy Group, didn’t respond to a request for comment. In its quarterly earnings report on Tuesday, the company said it owned a single LNG vessel as of September. In its previous report, it said it didn’t own any LNG vessels. CCH Gas, previously known as Condor LNG, was owned by Greek-shipping firm TMS Cardiff Gas until earlier in 2025, according to shipping database Equasis. In an emailed statement, Cardiff Gas confirmed that the vessel had been sold, though it didn’t name the buyer. Cardiff Gas said it didn’t sell the vessel to Pacific Gas. It is common for dark fleet tankers to have ownership change multiple times before landing on the ships ultimate operator. A Hong Kong-based firm called CCH-1 Shipping Co has been registered as the owner of CCH Gas since May, according to Equasis. Its address is listed as a postbox company, Samxin Secretarial Services Ltd, in a industrial building in the city. On visiting the company, a Bloomberg reporter found the door locked with no-one available to comment. CCH Gas had been idling off the coast of Singapore and Malaysia since around February, according to ship-tracking and satellite images. The vessel secured a crew around end-August or early-September, said people with knowledge of the matter. It then moved to its current location in eastern Malaysia in October. The ship’s signaling is currently masking its whereabouts, a common practice by shadow-fleet vessels engaged in illicit trade.