Relevant:
- Russia readies for construction of gas pipeline to China
- Putin, Xi meet to boost ties, sign raft of agreements
- Russia and China deepen ties with new economic deals
- Greek Pipeline Breakthrough To Challenge Russian Gas Dominance In Europe
- Stalled Gazprom Antitrust Case May Suggest Unease for Energy Sanctions
2014-05-21 — cnn.com
``Russian gas may soon be flowing into China, the latest move in a raw game of energy power politics being played between Moscow and the European Union. The move allows energy Gazprom (OGZPY), and Russia in general, to expand its trade with Asia, a hugely symbolic move that breaks with its long tradition of sending its gas westwards to Europe. As such, it could reduce Russia's vulnerability to EU moves to reduce its own dependence on Moscow in the wake of the crisis in Ukraine.
...
[The amount is equivalent to] about a quarter of what China currently consumes in a year... Russian news agencies quoted Gazprom CEO Alexei Miller as putting a $400 billion tag on the overall value of the contract, which will run for 30 years.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
