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Gazprom Says China, Russia Sign 30-Year, $400 Billion Natural Gas Supply Deal
Brandon Sun ^ | May 21, 2014 | By: Louise Watt, The Associated Press

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 ...


TOPICS: Foreign Affairs; News/Current Events; Russia
KEYWORDS: china; energy; naturalgas; obama; russia; ukraine

1 posted on 05/21/2014 5:18:49 AM PDT by Strategy
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To: Strategy
That is so nice!!!


2 posted on 05/21/2014 5:33:24 AM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: Strategy

http://en.ria.ru/russia/20140520/189968566/Russia-China-Plan-to-Expand-Payments-in-National-Currencies.html

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.


3 posted on 05/21/2014 5:37:35 AM PDT by griswold3 (I was born heI're in America. I will die here in a third world country. Obama succeeded.)
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To: Strategy

Do you think Puting will sit still for any BS about a pipeline to deliver this stuff?


4 posted on 05/21/2014 5:53:31 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: capydick
That is so nice!!!

In light of this news, you gotta wonder how much longer this administration can stall the XL pipeline agreement.

5 posted on 05/21/2014 5:53:45 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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To: mac_truck
In light of this news, you gotta wonder how much longer this administration can stall the XL pipeline agreement.

The election is over. Barry has more flexibility. Just ask Reggie.
6 posted on 05/21/2014 5:59:10 AM PDT by Old Yeller (Anything is possible, if you don't know what you're talking about.)
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To: Old Yeller

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.


7 posted on 05/21/2014 6:11:45 AM PDT by mac_truck ( Aide toi et dieu t aidera)
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