[Gululu]

Russia, China sign natural gas deal worth $400B
Two powers sign deal that will see China buy Russian gas for 30 years

Video: Russia, China sign 'gas deal of the century' - YouTube

[Verdasco]

what does this mean for the future? other than them being sticking fucking rich still.?

[tonyzoomzoom]

wonder if this might mess up Christy Clark's LNG dream.

[RecklessNS]

shiieeeeeettt

[SkinnyPupp]

what does this mean for the future? other than them being sticking fucking rich still.?
Things are going back to the way they were in the 80's, with the communist block on one side, the EU and USA on the other, and the 'third world' not meaning much at all.

[hchang]

Things are going back to the way they were in the 80's, with the communist block on one side, the EU and USA on the other, and the 'third world' not meaning much at all.

When did it ever change?

[Timpo]

oh shit, over 5x Bill Gates net worth.

[punkwax]

It begins :ohgodwhy:

[SkinnyPupp]

When did it ever change?
The world is a completely different place compared to then, in terms of economic power.

But overall yes, not a lot has changed politically has it :fuckthatshit:

[Bouncing Bettys]

In light of this, it doesn't seem like Russia is too worried about those recent economic sanctions for its invasion of Ukraine.

[PiuYi]

if anything, those sanctions forced Russia's hand into making this deal... years of talks and suddenly they make a deal? Those sanctions must have been hurtin' pretty bad cause it sounds like Russia finally softened up a bit in the negotiations and China was able to capitalize on a weakening Russian economy

[willystyle]

The way I see this, it's a big fuck you to the West for instigating economic sanctions, and to also send a message to them that if they don't wish to buy Russian natural gas and petroleum (World's largest exporter), they will sell it to emerging markets in Asia instead.

[FS1992EG]

Prince Charles compared Putin to Hitler. I sense WW3 coming.

[StylinRed]

if anything, those sanctions forced Russia's hand into making this deal... years of talks and suddenly they make a deal? Those sanctions must have been hurtin' pretty bad cause it sounds like Russia finally softened up a bit in the negotiations and China was able to capitalize on a weakening Russian economy

probably more of securing a cf and showing europe/usa that their sanctions really dont mean shit now

the sanctions cant/wont last because europe needs russia

[godwin]

Read the fine print.. it is going to take a while for them to build the lines.. by the time the finish building, Russia won't have enough people to defend its borders. Russia is imploding due to its decreasing population.

[Ulic Qel-Droma]

400 billion bucks is nothing... ESPECIALLY over 30 years...

8.227 trillion USD (2012)
China, Gross domestic product

2.015 trillion USD (2012)
Russia, Gross domestic product

1.821 trillion USD (2012)
Canada, Gross domestic product

i think the issue is china and russia not using the petrodollar lol.

"VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies."

only china and russia would dare do this, lol.

[Mr.HappySilp]

In light of this, it doesn't seem like Russia is too worried about those recent economic sanctions for its invasion of Ukraine.

When were they ever scare lol. The sanctions isn't strict because Europe depends on Russia on natural gas so Europe won't dear to impose sanctions that's too strict and force Russia to stop supplying them energy. Is just all for shows, the only way Europe/US gets serious is if Russia tries to take the whole Ukraine by force or start a war.

As for the LNG project in Vancouver lot's of people don't think is a good idea. i read an article that even said we shouldn't rely too much on LNG to bring BC economy up........

[Timpo]

natural gas? so no pollution? or what?

im not an environmentalist, someone educate me, thanks

[Traum]

Don't let the $400B number fool you -- the deal isn't as big as it seems because it is spread over a 30 year term. In terms of volume, it is less than a quarter of what Russia typically export to Europe. Additionally, only China is laughing in this deal because in typical Chinese fashion, they lowballed a desperate Russia and got themselves a steal -- their price is $350 per thousand cubic meters, $50 bucks less per unit than what the Russians had wanted, and $20 bucks less than what the Europeans currently pay. Furthermore, much of the infrastructure costs are born by Russia, not China.

So more than anything else, the details of this deal tell me that the Western sanctions are really hurting Russia. And if I, a regular Joe on the street, can come to this conclusion, certainly any Western strategist worth its weight can smell it miles away.

[Jmac]

400 billion bucks is nothing... ESPECIALLY over 30 years...

This

[Jmac]

natural gas? so no pollution? or what?

im not an environmentalist, someone educate me, thanks
Natural gas produces pollution when burned (as with pretty much everything), but it's considered to be one of the cleanest hydrocarbons.

[CharlesInCharge]

400 billion bucks is nothing... ESPECIALLY over 30 years...

8.227 trillion USD (2012)
China, Gross domestic product

2.015 trillion USD (2012)
Russia, Gross domestic product

1.821 trillion USD (2012)
Canada, Gross domestic product

i think the issue is china and russia not using the petrodollar lol.

"VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies."

only china and russia would dare do this, lol.Interestingly enough "Belgium" just purchased 140 billion of US treasury bonds... so keeping confidence in the petro dollar is key for the banking monopolies and this is why I think a royal had to make media wide personal insult and call Putin Hitler.

Is the Fed “tapering?” Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.PressTV - The great deceiver: The Federal Reserve (http://www.presstv.ir/detail/362472.html)

[drunkhomer]

this just means Russia has nothing to worry in case of a Euro boycott of Russian gas. Solid year for Mr. Putin indeed so far.

[Timpo]

Natural gas produces pollution when burned (as with pretty much everything), but it's considered to be one of the cleanest hydrocarbons.

ah ok thanks

[Timpo]

seems like oil and gas industry is still a massive business and will always be

[Mr.HappySilp]

seems like oil and gas industry is still a massive business and will always be

Until we ran out of them.

[tiger_handheld]

What does this mean for CNOOC owned co's in Alberta and LNG lines in BC?

[Traum]

Until we ran out of them.
With the much wider adoption of fracking and shale gas, it'll probably be a while yet before we run out of them. But the more I read about fracking, the worse its environmental impact seems to be compared to traditional drilling...

[Timpo]

^ I bet they could care less about environment impact...it's all about money.

[Timpo]

Until we ran out of them.

that would take hundreds of years...and Canada has shitload of oil sand

[Ulic Qel-Droma]

i revise my statements, this whole thing is not a big deal at all. petrodollar or not.