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Boom! - Russia And China Seal Historic Multibillion Gas Deal

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After 10 years of negotiations, Russia's Gazprom and China's CNPC have finally signed a historic gas deal which will provide the world's fastest growing economy with the natural gas it needs to keep pace for the next 30 years.

The contract was signed by the heads of Russia's Gazprom and China National Petroleum Corporation (CNPC) on the second day of Russian President Vladimir Putin’s two-day state visit to Shanghai.

The price China will pay for Russian gas remains a "commercial secret" according to Gazprom CEO Aleksey Miller. Gas will be delivered to China's via the eastern 'Power of Siberia' pipeline.

http://rt.com/business/160068-china-russia-gas-deal/

china-russia-gas-deal.si.jpg

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After 10 years of negotiations, Russia's Gazprom and China's CNPC have finally signed a historic gas deal which will provide the world's fastest growing economy with the natural gas it needs to keep pace for the next 30 years.

The contract was signed by the heads of Russia's Gazprom and China National Petroleum Corporation (CNPC) on the second day of Russian President Vladimir Putin’s two-day state visit to Shanghai.

http://rt.com/business/160068-china-russia-gas-deal/

china-russia-gas-deal.si.jpg

Edit. Cant read.

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Looks like gas is gonna be a game changer in Europe this winter.

Just hope it's windy enough to keep them windmills turning.

Drax will be busy.

I can see why some people admire Putin. He has played the game well.

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Russia has secured more than 40 business contracts with China during President Putin’s visit to Shanghai.

http://rt.com/business/160520-key-russia-china-deals/

The top 9 key agreements:

1. Russia's Gazprom and China's CNPC signed a historic gas deal worth $400 billion, which will provide the world's fastest growing economy with the natural gas it needs to expand over the next 30 years.

2. The Russian United Aircraft Corporation and China's Commercial Aircraft Corporation COMAC have confirmed plans to build a 400-seat, wide-body, long-range passenger aircraft, a potential rival to Boeing of the US, and Europe's Airbus. The new program aims to become one of the biggest large-scale international cooperation projects in both aviation and high-tech.

3. Russia’s biggest independent natural gas company NOVATEK signed a deal to supply China's CNPC with 3 million tons of liquefied natural gas annually for 20 years from their joint Yamal LNG project in the Russian north. The plans for the Yamal LNG project involve building a plant that can produce 16.5 million tons of LNG annually by 2020. It is slated to start production in 2017 with an initial output of 5.5 million tons of LNG per year.

4. Russia’s second biggest financial institution, VTB, signed a deal with Bank of China to bypass the dollar and pay each other in domestic currencies.

5. SIBUR, a leading Russian gas processing and petrochemicals company, signed a contract with China Petroleum and Chemical Corporation or Sinopec to establish a joint venture for the construction of a nitrile butadiene rubber (NBR) plant to produce 50,000 tonnes a year. Sinopec's share in the joint venture will be 74.9 percent and SIBUR's will be 25.1 percent.

6. Chinese auto maker Great Wall Motor Co. said it is planning to build a car plant in Russia’s Tula region, investing up to $521 million in the project capable of producing up to 150,000 vehicles a year.

7. Russia and China agreed to build the first cross-border rail bridge over the Amur River by 2016. The bridge will cut transportation times and increase trade.

8. Russia's Eurocement signed a number of contracts with companies within the Sinoma, CNBM and Sinomach Groups for the supply of equipment to new cement plants in six different regions of Russia (Leningrad, Ryazan, Bryansk, Arkhangelsk Ulyanovsk and Samara Region). The contracts are valued at more than $500 million.

9. Russia-China Investment Fund (RCIF) and Vcanland, a leading Chinese tourism developer, have agreed to invest $800 million in the development of tourism and social projects. The geographical focus will be on destinations such as Hainan Island, Lake Baikal, and the cities of Vladivostok and Sochi.

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Presumably with Russia being a forced seller, China will have got a better price than if Putin hadn't annexed the Crimea.

I guess the improved world trading/supply/infrastructure that will result should make the price of hydrocarbon fuels lower over the next few decades than it otherwise would have been, so that should be positive for the world economy. Possibly.

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Looks like gas is gonna be a game changer in Europe this winter.

Just hope it's windy enough to keep them windmills turning.

Drax will be busy.

I can see why some people admire Putin. He has played the game well.

Maybe windpower is the reason why the Heir to the Throne hates Vlad so much.

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Boom! again. And this is sure to annoy America ...

Hot On The Heels Of Its China Breakthrough, Russia Set To Build Eight Nuclear Power Plants In Iran

Moscow may sign an intergovernmental agreement with Teheran this year to build eight new reactors for nuclear power plants in Iran, a source close to the negotiations told journalists Thursday.

http://www.zerohedge.com/news/2014-05-22/hot-heels-its-china-breakthrough-russia-set-build-eight-nuclear-power-plants-iran

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That article is almost unreadable.



"Before anyone suggests that all Russia is focusing on is China at any and all costs, consider that as we have been saying since 2012, perhaps just as important to Russia (and China) strategically is Iran which has already lashed out against the Petrodollar on numerous occasions in the past, not only for its vast oil reserves, but for its even more strategic location in the heart of the Persian Gulf.


To be sure, the Eurasian crescent of Russia and China would be made all that much stronger if the two nations had a toehold on the Straits of Hormuz, and were able to shut traffic - either tanker or military, with the US Fifth Fleet located in Bahrain - into the Gulf at their bidding. Which is why it was not surprising that not even 24 hours after Russia and China announced the "holy grail" energy deal, that RIA reported Russia is already preparing to lock in the Tehran regime with a deal to build not one but 8 (!) more nuclear power plants in the country."




Is he suggesting there is some sort of strategic mutual interest or even alliance between Russia and China ? I don't really see China being interested in Russia, other than for resources.


In particular I'm curious as to why he thinks:



"A deal, it goes without saying, that would have China's explicit and implicit blessing."



Just to annoy the americans?


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Major Putin interview at St. Petersburg economic forum:

  • *PUTIN SAYS UNIPOLAR MODEL OF WORLD HAS RUN ITS COURSE
  • *PUTIN SAYS IMF REFORM HAS HALTED
  • *PUTIN: NEW LEADERS DON'T WANT TO HEAR ALTERNATIVE VIEWS
  • *PUTIN SAYS ALTERNATIVE CENTERS OF ECONOMIC GROWTH FORMING
  • *PUTIN SAYS DOHA ROUND OF WTO ISN'T MOVING FORWARD
  • *PUTIN SAYS RUSSIA-CHINA COOPERATION TO HELP BOOST GLOBAL GROWTH
  • *PUTIN SAYS RUSSIA TO BOOST RUBLE, YUAN IN TRADE W/ CHINA

http://www.zerohedge.com/news/2014-05-23/putin-post-mortem-unipolar-model-world-over-give-us-our-money

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Also at the St. Petersburg economic Forum, a 'surprise' address by the Chinese Vice President (Li Yuanchao) of the People's Republic of China. Russian and Chinese relations have “reached a whole new level” said Chao.

BoUd7WiCMAMjmB1.jpg

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Next up ... Japan:

Is A Russia-Japan Natural Gas Pipeline Next?

A Bloomberg report shows that a group of 33 lawmakers in Japan are backing a 1,350 kilometer pipeline that would run between Russia’s Sakhalin Island and Japan’s Ibaraki prefecture, just northeast of Tokyo. The project is estimated to cost $5.9 billion and could yield as much as 20 billion cubic meters of natural gas per year (equivalent to 15 million metric tons of liquefied natural gas). The pipeline would make up 17 percent of Japan’s imports.

http://www.zerohedge.com/news/2014-05-31/russia-japan-natural-gas-pipeline-next

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Russia to extend Trans-Eurasian rail project to Korea

Russia will team up with North and South Korea in a railroad construction project that could restore peace between the two neighbors. The link will extend the world’s longest railroad, so goods can be shipped between Europe and Korea 3x faster.

Shipping by rail is nearly 3 times faster than via the Suez Canal, Russian Railways CEO Vladimir Bakunin has said

http://rt.com/business/164116-russia-railway-north-korea/

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BOOM!

A little over a month ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. This changed rather dramatically overnight when in a little noticed statement, Gazprom's CFO Andrey Kruglov uttered the magic words:

  • GAZPROM READY TO SETTLE CHINA CONTRACTS IN YUAN OR RUBLES: CFO

http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

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More gas deals. This would be a significant pipeline as well:

Russia, India to ink $40 bn gas deal: Reports

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi are expected to announce a massive natural gas deal during their summit later this year, Indian media reports said Monday.

http://thebricspost.com/russia-india-to-ink-40-bn-gas-deal-reports/

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Russia ain't going to back down to all this play acting and sabre rattling by the west - are they ?

They have India and China reliant on their resources now to survive.

That Putin isn't a dumb bloke. The 'west' aren't going to be able to force anything anymore.

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Russia ain't going to back down to all this play acting and sabre rattling by the west - are they ?

They have India and China reliant on their resources now to survive.

That Putin isn't a dumb bloke. The 'west' aren't going to be able to force anything anymore.

Another way of looking at it is India and China are usung the current situation to their advantage. By all accounts China got a fabulous deal out of the Russians for the gas.

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Either way, it cements the relationships between the BRICS nations. Putin and the Chinese leader talk almost daily on the phone.

Next steps will be setting up the BRICS development bank and continuing with the de-dollarisation process.

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Boom again ...

The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

According to Russia's RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan

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Boom again ...

The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

According to Russia's RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan

No wonder they want to destroy Putin and Russia.

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China, Russia to boost “energy partnership”

Chinese Vice Premier Zhang Gaoli said in Moscow on Sunday, Beijing will step up efforts to “establish a strategic partnership of energy cooperation with Russia as agreed by the heads of state of the two countries”. Russia is set to provide the world’s fastest growing economy with the natural gas it needs to keep pace for the next 30 years.

The China-Russia Energy Cooperation Committee is now laying the groundwork for a Xi-Putin summit in October.

http://thebricspost.com/china-russia-to-boost-energy-partnership/#.VAMT9lRwbGg

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