Wednesday, May 21, 2014

Russia And China Agree To A Massive 30 Year - $400bn Gas Deal

President Vladimir Putin, background left, and Chinese leader Xi Jinping, background right, during the signing of joint agreements in Shanghai. © RIA Novosti. Alexei Druzhinin

Russia, China Ink Historic Gas Supply Deal -- RIA Novosti

SHANGHAI, May 21 (RIA Novosti) – Russia and China agreed on a long-term gas supply contract in Shanghai on Wednesday, after years of talks on the deal, worth billions of dollars.

Russian Energy Minister Alexander Novak and Director of the Chinese National Energy Administration Wu Xinxiong signed an intergovernmental memorandum on the mutual understanding in gas deliveries field through the eastern route.

Earlier today, Russia’s gas major Gazprom and the China National Petroleum Corporation (CNPC) signed a contract of purchase and sale of natural gas deliveries through eastern route, a RIA Novosti correspondent said.

Gazprom CEO Alexei Miller has refused to name the gas price for China, citing a “corporate secret.” The price could be estimated at around $350 per 1,000 cubic meters.

Miller said the overall cost of the 30-year contract for Russian gas deliveries to China is $400 billion.

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More News On Russia And China Agreeing To A 30 Year $400bn Gas Deal

Russia and China seal historic $400bn gas deal -- RT
As Putin looks east, China and Russia sign $400-billion gas deal -- Reuters
Russia, China sign natural gas deal worth $400B -- CBC/AP
Russia signs 30-year gas deal with China -- BBC
China, Russia sign $400 billion gas deal -- Washington Post
Russia to supply China with gas for 30 years -- CNN
China and Russia ink $400 billion gas deal -- USA Today
Russia, China sign massive gas deal -- Al Jazeera
Russia, China Sign Landmark, Secretive Gas Deal -- Newser
Russian Gas Price for China to Exceed Preliminary Estimates – Source -- RIA Novsoti
Russia to Invest $55Bln, China - $22Bln in Gas Deal -- RIA Novsoti
Russia, China Sign Natural Gas Deal -- Council on Foreign Relations
Russia-China deal: Even energy pivots East -- Patrick Young, RT
What Does Russia-China Gas Deal Mean for Europe? -- Bloomberg
The Russia-China Gas Deal Matters But Its Ultimate Significance Is Unclear -- Mark Adomanis, Forbes

2 comments:

James said...

There has to be a lot more to this than a gas deal. I would love to know if there are "understandings" that are not being reported. There has to be.

War News Updates Editor said...

Much of this agreement is secret. The details will probably only be known a few years from now.