China, Russia's Gazprom sign $400 billion gas supply agreement


#1

reuters.com/article/2014/05/21/us-china-russia-gas-idUSBREA4K07K20140521

*Reuters) - China and Russia signed a long-awaited natural gas supply deal on Wednesday, securing the world’s top energy user a major new source of the clean-burning fuel and opening a market to Moscow as Europeans look elsewhere for their energy.

The deal would see Russia supply 38 billion cubic meters (bcm) of gas to China each year for 30 years under a contract valued in excess of $400 billion overall.

The gas will be transported along a new pipeline linking Siberian gas fields to China’s main consumption centers near its coastline.*


#2

Very likely a good deal for the oligarchs of both Russia and China. Whether it benefits ordinary Russians or Chinese remains to be seen. Seems more likely than not it will, unless the Russian pricing is too low.


#3

Oh, it’ll be fair value…but the people won’t see it, the oligarchs will!


#4

:okpeople:

HEY!

Where’s the global warming crowd??? I thought this kind of stuff was going to kill us all??

Well?


#5

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