Russia, China Sign Second Mega-Gas Deal: Beijing Becomes Largest Buyer Of Russian Gas

xi-jinping-vladimir-putin

Russia, China Sign Second Mega-Gas Deal: Beijing Becomes Largest Buyer Of Russian Gas (ZeroHedge, Nov 9, 2014):

As we previewed on Friday, when we reported that “Russia Nears Completion Of Second “Holy Grail” Gas Deal With China“, moments ago during the Asia-Pacific Economic Cooperation forum taking place this weekend in Beijing, Russia and China signed 17 documents Sunday, grenlighting a second “mega” Russian natural gas to China via the so-called “western” or “Altay” route, which as previously reported, would supply another 30 billion cubic meters (bcm) of gas a year to China. Gazprom CEO Miller noted that with the increase of deliveries via the western route, the total volume of Russian gas deliveries to China may exceed the current levels of export to Europe in the medium-term perspective. In other words, China has now eclipsed Europe as Russia’s biggest, and most strategic natural gas client.

 

Putin-Obama-chess-checkers

1 thought on “Russia, China Sign Second Mega-Gas Deal: Beijing Becomes Largest Buyer Of Russian Gas

  1. No surprise to me. Russia will be getting a lot of what they need from China, vehicles, computers, semiconductors, etc……and China will be getting what they need from Russia. Food for both nations will come from Brazil, other technologies from India.
    Putin has built an entire economy isolating the US and EU, it isn’t the other way around as Obama proclaims……..not that anyone listens to him.

Leave a Comment