Russia to supply natural gas to China in 30-year deal worth $400 billion, boosting their ties

AP ^ | 5-21-2014 | By LOUISE WATT and VLADIMIR ISACHENKOV

[varyouga]

“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.

[Chad_the_Impaler]

We don’t know that. The gas price is “Secret”. Oil is supposedly at “the World Price”.

Without knowing the exact details of the agreement, it appears the concerns about Russian caving to China on price were justified. Even if the entire $400 billion goes only to paying for the natural gas, Gazprom will still be selling China natural gas at a lower price than it currently charges Europe.

[tcrlaf]

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.

[Grzegorz 246]

O wow, you guys (the shirtless is my hero club) got really exited about it, it's 10th article about the same deal posted within 24h by your gang. Chicoms are not EUnuchs, sooner or later they will bite and chew your shirtless clown, that will be fun to watch.