Sanctions? Russia scores huge natural gas pipeline deal with China.
Business Insider is reporting:
China and Russia are set to cement their energy alliance next week with an expected agreement to build a natural gas pipeline between the two nations that would secure a huge new market
for the world's largest energy producer and provide a guaranteed energy
supply for China's growing economy as both nations face confrontations
with the West.
The deal, which the two countries negotiated over the last decade, is expected to
be signed when Russian President Vladimir Putin visits Beijing next
week.
The deal between Russia's Gazprom and China's state-owned energy
giant CNPC was confirmed by sources in the Russian energy sector,
according to a note from the Eurasia Group, a consultancy.
Current geopolitical conditions resulting from Russia’s ongoing
crisis in Ukraine appear to have aligned the two super powers in such a
manner favorable to finally concluding the deal.
There are so many story lines in this short article, but I think the biggest story line is this is all part of Obama's Legacy.
this Russian/Chinese NG deal, will require a pipeline to move product to China.. I think a good blog question maybe be, ( will the Russian /Chinese NG pipeline be up and running with NG going to China, before 0bama approves the XL pipeline..)
ReplyDeletedon
Almost rhetorical. I assume the Russian-Chinese pipeline will be built before Obama comes to a decision. I assume Obama will reach his decision after he leaves office.
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