China:The historic 400 billion gas deal

Wednesday, May 21, 2014

During Russian President Vladimir Putin's visit to China Russia's Gazprom and China's CNPC concluded a historic gas deal for 38 billion cubic meters in annual gas supplies to China for a period of 30 years.

Gazprom’s CEO Alexei Miller refused to disclose the agreed price for confidentiality reasons, but said that the contract was worth a total of $400 billion. That could mean that the price may be around $350 per 1,000 cbm.

The infrastructure investments will be significant for both sides; the Russian side is expected to require an investment of $ 55 billion, which is currently the world's largest construction and development program.

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Anonymous said...

Russia in the Asia-Pacific Region: An Open Project

...It is no accident that Russia's current eastward movement is accompanied by a gradual restoration of its leading positions in the former Soviet Union. The beginning of implementation of the concept of the Eurasian Economic Union and the creation of the Customs Union gives the eastern project additional weight, making it possible to count on the effect of scale, the replenishment of demographic potential, fresh private initiative and, in the end, on an increase in the density of the area connecting the Pacific coast with Central Eurasia: the Urals, Western Siberia and Kazakhstan...
Thus the solution to this more complex equation of forces in the region must be a maximal increase in the number of active participants in economic and political relations in the Asia-Pacific region, with the end, among others, of making it impossible for one power to dictate to other states making up this transcontinental area.

At the same time, despite the importance of stable ties with Beijing for Russia and its eastern project, its very Eurasian scale excludes the possibility of making China its only partner, and in a certain sense they are a competitor for China's «silk road» project...
Russia's economic establishment on the Pacific, geographically closing the topic of building a Eurasian Economic Union, is returning the Russian state to the historical format familiar to its neighbors.

Limits of Globalization and BRICS Economic Cooperation

...National (intraregional) independence and narrowing the gaps (including those between national «portals» of globalization and internal periphery) could be a solid basis for reaching a positive consensus on further economic cooperation between BRICS members, as well as defining its ideology and criteria for concrete projects. Collective support of the group is desirable for corresponding plans of individual members, for instance, the eastern project of Russia or the development of western parts of China.

The Crimean Frontier in World Development (I)

The Establishment of Polycentrism

The reunification of Crimea and Russia was an event whose international scale, as is now clear, exceeds not only the scale of Russian-Ukrainian relations, but also the European format of world politics and even the larger «West – Russia» format. It is no exaggeration to say that this event marked an upheaval on a global level which opened new horizons in world politics. It turns out that the world is completely different now than it was at the end of 2013.

At the root of these international shifts lies a crisis of the structuring influence of the West on the rest of the world. It is quite obvious that the return of Crimea to Russia is a phenomenon of the formation of a polycentric world. This world arose as a response to the unipolar pretensions of the West and is becoming increasingly established as a new framework of international architecture, coexisting with the weakening unipolarity...

Anonymous said...

Russia’s Rise to Global Power by Paul Craig Roberts

Washington’s press for sanctions against Russia has an obstacle in Germany. The German Chancellor, Merkel, is Washington’s vassal, but Germany’s foreign Minister, Frank Walter Steinmeier and German industry are no friends of sanctions. In addition to Germany’s dependence on natural gas from Russia, thousands of German companies are doing business in Russia, and the employment of several hundred thousands of Germans is dependent on economic relations with Russia. Former German Chancellors, Helmut Schmidt and Gerhard Schroeder, have slammed Merkel for her subservience to Washington. Merkel’s position is weak, because she has stupidly put herself in the position of sacrificing the interests of Germany to Washington’s interests.

Putin, who has demonstrated that he is not the typical dumb Western politician, sees in the conflict between Washington’s pressure on Germany and Germany’s real interests a chance to break up NATO and the EU. If Germany decides, as Yanukovych did, that Germany’s interests lie in its economic relations with Russia, not in being a puppet state of Washington, can Washington overthrow the government of Germany and install a more reliable puppet?

Perhaps Germany has had enough of Washington. Still occupied by Washington’s troops 69 years after the end of World War II, Germany has had its educational practices, its history, its foreign policy, and its membership in the EU and euro mechanism coerced by Washington. If Germans have any national pride, and as a very recently unified peoples, they might still have some national pride, these impositions by Washington are too much to accept.

The last thing Germany wants is a confrontation, economic or military, with Russia. Germany’s vice chancellor, Sigmar Gabriel, said that Merkel «was certainly not smart to create the impression in Ukraine that it had to decide between Russia and the EU»...
Putin can take the Ukraine back whenever he wants and turn his back on the West, a declining corrupt entity mired in depression and looting by the capitalist class. The 21st century belongs to the East, to China and India. The enormous expanse of Russia sits above both of these most populous of all countries.

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