Posted on 06/18/2009 11:49:59 PM PDT by CutePuppy
A new deal between Russia and China in the sum of about $100 billion became the largest deal that has ever been signed between the two countries, Russian President Dmitry Medvedev said as a result of the meeting with his Chinese counterpart Hu Jintao.
The two presidents signed a large package of documents, including those in the oil and gas industry, in Moscow.
“It became possible owing to the use of the mechanism that we invented with the leader of the People’s Republic of China a year ago,” Medvedev said.
Dmitry Medvedev and Hu Jintao conducted negotiations about the shipments of Russia’s natural gas to China. The presidents signed the Memorandum About Mutual Understanding on the Cooperation in the Field of Natural Gas.”
It is an open secret that China suffers from the shortage of natural gas. The talks between the two countries about the deliveries of Russian gas to China last for several years already. Moscow was not satisfied with the conditions, which Beijing proposed for cooperation: the prices in question are a lot lower than those, which Russia has with its gas contracts in Europe.
If China is willing to purchase large quantities of Russian gas, it will be necessary to build a new gas pipeline. A senior official of Russia’s gas monopolist, Gazprom, said that it did not go about the deliveries of natural gas to China in 2011. The two countries still negotiate the prices.
Russia currently runs the Eastern Gas Program in the Far East and in Siberia. The program was developed with an intention to supply oil and gas to the Asian-Pacific region, including China , RIA Novosti news agency reports.
Russia and China are working on a possibility to use rubles and yuans in their mutual settlements, Vice Prime Minister of the Russian government, Igor Sechin said.
© 1999-2009. «PRAVDA.Ru».
Yet our govt on both sides does nothing for more energy sources.
We have more coal than all the other countries on Earth, combined, IIRC. Also, we have oil shale, offshore oil and gas, and we invented nuclear power, yet haven’t built a new plant since the 1970’s. It’s not that we don’t have energy, it’s that we are not allowed to go after it and use it.
We are not in the picture at all. Even though GWB looked deep into Putin's eyes and believed his complex lies.
Are you getting the joke yet _____________ ?
Shouldn't that be Turkmenistan's natural gas?
FTA: Russia currently runs the Eastern Gas Program in the Far East and in Siberia. The program was developed with an intention to supply oil and gas to the Asian-Pacific region, including China , RIA Novosti news agency reports.
and Russia is looking to join OPEC as to influence prices at the same time as they’re cozying up to China, rich with American export dollars, now pushing a yuan standard
Yawn...
Communists and neo-Soviets joining forces. The thing in the White House likely believes this alarming news is beneficial since it’s anti-American.
“Russia and China sign 100-billion-dollar deal of the century”
Paid for with American Tax Dollars
bump for later
China lends Shanghai group $10bn Speaking at a summit of the Shanghai Cooperation Organisation (SCO) in the Russian city of Yekaterinburg, he said China would help member states. The group includes Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan. Yekaterinburg is also hosting a meeting of the world's four emerging economies - Brazil, Russia, India and China. The so-called Bric countries are meeting for the first time to discuss ways to improve the global economy. SCO COUNTRIES
China is now the world's third-biggest economy. President Hu said it would also send delegations to SCO nations to assist with trade and investment. China will extend a $10bn (£6bn) loan to Russia and four Central Asian states to help them in the financial crisis, Chinese President Hu Jintao has said.
.....
Obama Inc would call it a ‘bailout’ for ‘our’ (their) best overseas friends.
Gazprom seals $2.5bn Nigeria deal
You WILL NOT BELIEVE what they named the new venture
Then again, there are two countries in Africa with not politically correct names. English is Nigeria's official lanuage, French is Niger's.
You may get a kick out of this news story, on the same day: Leaders in the remote Russian region of Altai want to name one of the region's tallest mountains in honor of Gazprom, the state-run natural gas monopoly and corporate behemoth. It was unclear whether the mountain currently has a name. Local lawmakers hope the logo will be seen for miles around. For western consumers, Gazprom is more associated with acrimonious disputes that turned off gas supplies to Europe and symbolizes Russia's blunt-edged energy clout. But for many Russians the corporation that was once one of the world's largest is emblematic of Russia's resurgence. .....
Russians Want to Name Mountain 'Gazprom' - CNBC, June 25, 2009 Coming soon to the stunning snowcapped peaks of southern Siberia — probably the world's highest billboard.
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