Posted on 05/21/2014 8:16:34 AM PDT by tcrlaf
China signed a landmark deal Wednesday to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.
Price negotiations on the 30-year deal continued into the final hours of a two-day visit by Putin to China, during which both sides had said they hoped to sign an agreement.
Putin was in Shanghai for an Asian security conference where China's president called for a new model of Asian security cooperation based on a regional group that includes Russia and Iran and excludes the United States.
The gas deal gives Moscow an economic boost at a time when Washington and the European Union have imposed visa bans and asset freezes on dozens of Russian officials and several companies over Ukraine. It allows Russia to diversify its markets for gas, which now goes mostly to Europe.
(Excerpt) Read more at hosted.ap.org ...
“Russia is now where we were at around 1955, concerning development and economic growth.”
But with modern technology and no crippling unions or greenies.
We will see more and more unprecedented construction projects. Unfortunately, few if any will be in the USA.
Once the pipeline system is in place, the cost of delivery will go down dramatically. The volumes we are talking about here are HUGE.
This is why anybody with a brain knows how important the Keystone Pipeline is. Moving undistilled oil long distance by train is simply STUPID, but Obama’s buddy Buffet is making tons of money off of it.
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