Skip to comments.Gazprom Says China, Russia Sign 30-Year, $400 Billion Natural Gas Supply Deal
Posted on 05/21/2014 5:18:49 AM PDT by Strategy
SHANGHAI - China signed a long-awaited, 30-year deal Wednesday to buy Russian natural gas worth $400 billion in a financial and diplomatic boost to diplomatically isolated President Vladimir Putin.
Negotiations on the price for the gas had continued into the final hours of a two-day visit by Putin to China, during which the two sides had said they hoped to sign a deal.
The agreement calls for Russia's government-controlled Gazprom to supply state-owned China National Petroleum Corp. with 38 billion cubic meters of gas annually, Gazprom spokesman Sergey Kupriyanov told The Associated Press. Gazprom CEO Alexei Miller told Russian news agencies the contract was worth a total of $400 billion.
(Excerpt) Read more at brandonsun.com ...
SHANGHAI, May 20 (RIA Novosti) Russia and China are planning to increase the volume of direct payments in mutual trade in their national currencies, according to a joint statement on a new stage of comprehensive partnership and strategic cooperation signed during high-level talks in Shanghai on Tuesday.
The sides intend to take new steps to increase the level and expansion of spheres of Russian-Chinese practical cooperation, in particular to establish close cooperation in the financial sphere, including an increase in direct payments in the Russian and Chinese national currencies in trade, investments and loan services, the statement said.
Do you think Puting will sit still for any BS about a pipeline to deliver this stuff?
In light of this news, you gotta wonder how much longer this administration can stall the XL pipeline agreement.
Failure to complete the XL pipeline agreement is a stick Republicans should beat their Democrat opponents with.
There’s lots of life in that issue.