terranMarine
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You forgot Yeltsin
The Great Game Changer: Belt and Road Intiative (BRI; OBOR)
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You forgot Yeltsin
tranquilium
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I always thought that Yeltsin is main one responsible, Gorbachev is just the straw that broke the camel's back.
The leadership continuity issues was huge. One of the reason for the later instability in USSR was the rapid change of leadership between Andropov and Chernenko due to advanced age. Fun fact, this is actually one of the reason Jiang Zemin rose to power. After Chernenko, the Chinese leadership realized that problem with leaders that are 70+ years old and begun a program to promote younger leaders. Jiang is among the group of people fast tracked by the program. It was fortunately that Deng himself is so long lived (lived to 93) that by the time of his death , enough 50 to 60 year olds are in office that the next generation leaders can transition smoothly.
TaiShang
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Historic times, indeed.
Russia-China to form strategic energy alliance: Putin
The Sino-Russian partnership has reached “the highest level in all its centuries-long history”, said President Vladimir Putin on the eve of his visit to China.
Putin was speaking to Chinese media ahead of his trip to Shanghai where he will hold discussions with his Chinese counterpart Xi Jinping and sign a record number of cooperations agreements.
The two countries are “steadily moving towards the establishment of a strategic energy alliance”, said Putin.
“A large-scale project worth over $60 billion is underway to supply China with crude oil via the Skovorodino-Mohe pipeline. The arrangements on export of Russian natural gas to China have been nearly finalised. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of “clean” fuel,” he said.
Russia and China will implement a list of joint projects in 40 priority areas with total investments of about $20 billion.
The two nations have also reached an agreement on joint design of a wide-body long-range aircraft and on developing a heavy helicopter.
“Establishing closer ties with the People’s Republic of China, our trusted friend, is Russia’s unconditional foreign policy priority,” claimed Putin.
The two sides are also eyeing “deeper coordination in the international arena”, said Putin.
“Russia and China successfully cooperate in the international arena and closely coordinate their steps to address international challenges and crises. Our positions on the main global and regional issues are similar or even identical,” he said.
Significantly, the Russian President said an upcoming Asian Summit will try to establish a new security architecture in the Asia Pacific.
“Russia and China have actively advocated establishing a new security and sustainable development architecture in the Asia-Pacific. It should be based on the principles of equality, respect for international law, indivisibility of security, non-use of force or threat of force. Today this task is becoming increasingly important,” he said.
Putin’s statements assume importance in the backdrop of the Obama administration’s thrust on the much-hyped Asia Pivot and what Beijing alleges is it’s “China containment” policy.
Meanwhile, alluding to a currency swap agreement, Putin said the two nations will also look to guard against fluctuations of foreign currencies affecting bilateral trade.
“We must also strengthen financial cooperation and protect ourselves from exchange-rate fluctuations among the world’s major currencies. Therefore, we are now considering how to increase mutual settlements in national currencies,” he said.
In 2013, the volume of bilateral trade was close to $90 billion. The two sides are targeting $100 billion by 2015 and up to $200 billion by 2020 in bilateral trade.
***
Here, some excellent infographic:
***
Gazprom to sign monumental gas deal with China
Russia and China are due to sign a long-awaited gas contract on Tuesday, in which Beijing could pay up to $456 billion for Russian gas over the next 30 years.
While Russian President Vladimir Putin visits Shanghai on May 20-21, Gazprom and the China National Petroleum Corporation (CNPC) are due to sign a deal for 38 billion cubic meters of natural gas to power China's growing economy, starting in 2018.
The timing is almost flawless as Russia is looking to shield itself from Western sanctions by pivoting towards Asia, and China desperately needs to switch from dirty coal to more environmentally friendly natural gas.
“The arrangements on export of Russian natural gas to China have nearly been finalized. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of ‘clean’ fuel,” President Vladimir Putin said.
The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects. The gas price is expected to be agreed at between $350-400 per thousand cubic meters. In January Gazprom gave an estimate between $360-$400 per 1,000 cubic meters but now Russian newspaper Izvestia has cited a Gazprom employee forecasting a lower range between $350-$380 per 1,000 cubic meters.
“Of course Russia wants to sell gas and resources at the highest possible prices. But because of the sanctions from European partners, we need to find a partner that can buy our gas long-term, which is why at the moment China looks very attractive to us,” Aleksandr Prosviryakov, a partner at Lakeshore International, a Moscow-based asset management firm, told RT at a Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) in Moscow ahead of the big meeting on Tuesday.
On Sunday, Gazprom chief Aleksey Miller sat down with his CNPC counterpart, Zhou Jiping, in Beijing to discuss final details, including price formulas.
Siberian pipeline to China
But the sticking point is how to finish the pipeline from Russia to China.
Currently there is one complete gas pipeline that runs throughout Russia to the Chinese border, “Siberian Power” which Gazprom broke ground on in 2007, three years after Gazprom and CNPC signed a strategic cooperation agreement in 2004.
The pipeline stretches across Russia’s Far East and after extension to China, it will deliver gas to the country’s populous north, near Beijing.
Gas could be delivered via Vladivostok, Russia’s eastern port city on the Sea of Japan, or through the city of Blagoveshchensk, an landlocked city in the Amur region.
However, to finish the project for 2018 delivery, Gazprom and CNPC need to come to an agreement on how to finish the proposed portion of the pipeline into China, which could cost between $22-30 billion, according to various estimates. Russia wants China to either pay or issue a loan for the project, which has been a delaying factor in talks.
In 2009, Beijing and Moscow signed a deal that Gazprom would supply China with 30 billion cubic meters of gas a year by 2015, but via the Altai pipeline, which would deliver gas to China’s Western Xinjiang province. Russia stopped work on this project in 2013 and prioritized the ‘Power of Siberia’ line. If and when both pipelines are activated, Russia could be pumping 68 billion cubic meters of gas annually to the world’s second largest economy.
China, the superpower
Home to nearly 1.5 billion people, China’s demand for energy is rising faster than ever. In 2014, the country expects to increase natural gas imports by 20 percent, and import 186 billion cubic meters annually.
“This deal with Gazprom and cooperation with Russia shows that China is expanding, becoming bigger and bigger, and that this part of the world is dominated by China, India, and Russia, the US role is shrinking,” said Aleksandr Prosviryakov.
“China is the fastest growing economy. China is the biggest market in terms of volume and value. China is the next superpower and number one economy in the world,” Peter Panov, Chairman of Triotoni, a Singapore-based investment firm, told RT at the CACCI conference in Moscow.
Russia’s Deputy Energy Minister Anatoly Yanovsky has said the deal is 98 percent ready. China has kept quiet on the subject.
Europe remains Russia’s largest energy importer, having bought more than 160 billion cubic meters of natural gas in 2013. However, recent tensions over Russia’s actions in Ukraine have forced European ministers to rethink their dependence on Russian gas, a sentiment that has been openly voiced throughout the continent
“Now is the time for Russia to compromise a little bit so that they can lessen their dependence on Western Europe as a buyer of Russian gas. Diversification is a strategy for Russia to have good long-term business relationships with both Europe and China,” Benedicto Yujuico, president of the Confederation of Asia-Pacific Chambers of Commerce and Industry, told RT at an Asian business gathering in Moscow on Wednesday.
“Needless to say, China is a very wise nation and will try and get the best out of both parties, and maneuver: give a little bit to Russia, and a little to the West,” Panov said.
Gas is an important element of the upcoming talks, but the leaders will discuss many aspects of Russia-China relations, including payments systems, military cooperation, and upcoming infrastructure projects.
A record amount of agreements are expected to be signed at the working meeting between Russia and China. Already 30 out of the 43 prepared agreements are expected to be inked, according to presidential aide Yury Ushakov, as reported by RIA Novosti.
Russia-China to form strategic energy alliance: Putin
The Sino-Russian partnership has reached “the highest level in all its centuries-long history”, said President Vladimir Putin on the eve of his visit to China.
Putin was speaking to Chinese media ahead of his trip to Shanghai where he will hold discussions with his Chinese counterpart Xi Jinping and sign a record number of cooperations agreements.
The two countries are “steadily moving towards the establishment of a strategic energy alliance”, said Putin.
“A large-scale project worth over $60 billion is underway to supply China with crude oil via the Skovorodino-Mohe pipeline. The arrangements on export of Russian natural gas to China have been nearly finalised. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of “clean” fuel,” he said.
Russia and China will implement a list of joint projects in 40 priority areas with total investments of about $20 billion.
The two nations have also reached an agreement on joint design of a wide-body long-range aircraft and on developing a heavy helicopter.
“Establishing closer ties with the People’s Republic of China, our trusted friend, is Russia’s unconditional foreign policy priority,” claimed Putin.
The two sides are also eyeing “deeper coordination in the international arena”, said Putin.
“Russia and China successfully cooperate in the international arena and closely coordinate their steps to address international challenges and crises. Our positions on the main global and regional issues are similar or even identical,” he said.
Significantly, the Russian President said an upcoming Asian Summit will try to establish a new security architecture in the Asia Pacific.
“Russia and China have actively advocated establishing a new security and sustainable development architecture in the Asia-Pacific. It should be based on the principles of equality, respect for international law, indivisibility of security, non-use of force or threat of force. Today this task is becoming increasingly important,” he said.
Putin’s statements assume importance in the backdrop of the Obama administration’s thrust on the much-hyped Asia Pivot and what Beijing alleges is it’s “China containment” policy.
Meanwhile, alluding to a currency swap agreement, Putin said the two nations will also look to guard against fluctuations of foreign currencies affecting bilateral trade.
“We must also strengthen financial cooperation and protect ourselves from exchange-rate fluctuations among the world’s major currencies. Therefore, we are now considering how to increase mutual settlements in national currencies,” he said.
In 2013, the volume of bilateral trade was close to $90 billion. The two sides are targeting $100 billion by 2015 and up to $200 billion by 2020 in bilateral trade.
***
Here, some excellent infographic:
***
Gazprom to sign monumental gas deal with China
Russia and China are due to sign a long-awaited gas contract on Tuesday, in which Beijing could pay up to $456 billion for Russian gas over the next 30 years.
While Russian President Vladimir Putin visits Shanghai on May 20-21, Gazprom and the China National Petroleum Corporation (CNPC) are due to sign a deal for 38 billion cubic meters of natural gas to power China's growing economy, starting in 2018.
The timing is almost flawless as Russia is looking to shield itself from Western sanctions by pivoting towards Asia, and China desperately needs to switch from dirty coal to more environmentally friendly natural gas.
“The arrangements on export of Russian natural gas to China have nearly been finalized. Their implementation will help Russia to diversify pipeline routes for natural gas supply, and our Chinese partners to alleviate the concerns related to energy deficit and environmental security through the use of ‘clean’ fuel,” President Vladimir Putin said.
The deal has been on the table for over 10 years, as Moscow and Beijing have negotiated back and forth over price, the gas pipeline route, and possible Chinese stakes in Russian projects. The gas price is expected to be agreed at between $350-400 per thousand cubic meters. In January Gazprom gave an estimate between $360-$400 per 1,000 cubic meters but now Russian newspaper Izvestia has cited a Gazprom employee forecasting a lower range between $350-$380 per 1,000 cubic meters.
“Of course Russia wants to sell gas and resources at the highest possible prices. But because of the sanctions from European partners, we need to find a partner that can buy our gas long-term, which is why at the moment China looks very attractive to us,” Aleksandr Prosviryakov, a partner at Lakeshore International, a Moscow-based asset management firm, told RT at a Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) in Moscow ahead of the big meeting on Tuesday.
On Sunday, Gazprom chief Aleksey Miller sat down with his CNPC counterpart, Zhou Jiping, in Beijing to discuss final details, including price formulas.
Siberian pipeline to China
But the sticking point is how to finish the pipeline from Russia to China.
Currently there is one complete gas pipeline that runs throughout Russia to the Chinese border, “Siberian Power” which Gazprom broke ground on in 2007, three years after Gazprom and CNPC signed a strategic cooperation agreement in 2004.
The pipeline stretches across Russia’s Far East and after extension to China, it will deliver gas to the country’s populous north, near Beijing.
Gas could be delivered via Vladivostok, Russia’s eastern port city on the Sea of Japan, or through the city of Blagoveshchensk, an landlocked city in the Amur region.
However, to finish the project for 2018 delivery, Gazprom and CNPC need to come to an agreement on how to finish the proposed portion of the pipeline into China, which could cost between $22-30 billion, according to various estimates. Russia wants China to either pay or issue a loan for the project, which has been a delaying factor in talks.
In 2009, Beijing and Moscow signed a deal that Gazprom would supply China with 30 billion cubic meters of gas a year by 2015, but via the Altai pipeline, which would deliver gas to China’s Western Xinjiang province. Russia stopped work on this project in 2013 and prioritized the ‘Power of Siberia’ line. If and when both pipelines are activated, Russia could be pumping 68 billion cubic meters of gas annually to the world’s second largest economy.
China, the superpower
Home to nearly 1.5 billion people, China’s demand for energy is rising faster than ever. In 2014, the country expects to increase natural gas imports by 20 percent, and import 186 billion cubic meters annually.
“This deal with Gazprom and cooperation with Russia shows that China is expanding, becoming bigger and bigger, and that this part of the world is dominated by China, India, and Russia, the US role is shrinking,” said Aleksandr Prosviryakov.
“China is the fastest growing economy. China is the biggest market in terms of volume and value. China is the next superpower and number one economy in the world,” Peter Panov, Chairman of Triotoni, a Singapore-based investment firm, told RT at the CACCI conference in Moscow.
Russia’s Deputy Energy Minister Anatoly Yanovsky has said the deal is 98 percent ready. China has kept quiet on the subject.
Europe remains Russia’s largest energy importer, having bought more than 160 billion cubic meters of natural gas in 2013. However, recent tensions over Russia’s actions in Ukraine have forced European ministers to rethink their dependence on Russian gas, a sentiment that has been openly voiced throughout the continent
“Now is the time for Russia to compromise a little bit so that they can lessen their dependence on Western Europe as a buyer of Russian gas. Diversification is a strategy for Russia to have good long-term business relationships with both Europe and China,” Benedicto Yujuico, president of the Confederation of Asia-Pacific Chambers of Commerce and Industry, told RT at an Asian business gathering in Moscow on Wednesday.
“Needless to say, China is a very wise nation and will try and get the best out of both parties, and maneuver: give a little bit to Russia, and a little to the West,” Panov said.
Gas is an important element of the upcoming talks, but the leaders will discuss many aspects of Russia-China relations, including payments systems, military cooperation, and upcoming infrastructure projects.
A record amount of agreements are expected to be signed at the working meeting between Russia and China. Already 30 out of the 43 prepared agreements are expected to be inked, according to presidential aide Yury Ushakov, as reported by RIA Novosti.
steelseries779
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(Reuters) - Russian President Vladimir Putin hopes to sign a multi-billion dollar gas agreement with China during a two-day visit that kicks off on Tuesday, ending more than a decade of false starts and wrangling over a deal seen as vital to both sides.
More broadly, the Russian leader, cold-shouldered in the West for his stance on Ukraine, can expect a warmer reception in China, itself increasingly assertive in territorial disputes with smaller neighbors in the South China Sea.
The crisis in Ukraine, which has left European countries looking at ways to reduce dependency on Russian natural gas supplies, and Beijing's drive to switch from coal use to cleaner fuels, have created a convergence of interests.
Analysts said that will be on display when Putin meets Chinese President Xi Jinping in Shanghai, although the success of his visit will rest in part on whether any energy agreement contains enough detail to take it beyond mere words.
Chinese state media on Monday quoted Putin as saying that preparations for a gas deal had entered "the final phase".
Negotiations in the past have collapsed over differences on pricing.
Russia's state-controlled Gazprom said at the weekend that it was still "one digit" away from a deal.
But on Monday, sources close to the company and in the gas industry said it wanted China to pay $25 billion now to secure future gas supplies, whereas China had so far been reticent, concerned that other suppliers would seek similar deals.
"We are pinning our hopes on Putin's May visit," a source at Gazprom said.
For its part, Beijing has been pushing to secure equity stakes in gas fields in eastern Siberia, which would be the main source of supply.
The agreement that could be signed is a 30-year contract for Gazprom to supply China National Petroleum Corp (CNPC) with 38 billion cubic meters (bcm) of natural gas per year.
Should the deal be finalized this week, construction of a new pipeline is expected to begin by the end of 2014 and start delivering gas by 2018.
China's Xi has underscored the importance of ties with Russia, and Moscow was the first capital he visited after assuming the presidency last year. Xi also attended the Winter Olympics in Sochi at Putin's invitation.
But, while the two see eye-to-eye on many international diplomatic issues, including the conflict in Syria, and generally vote as one on the United Nations Security Council, China has not been so willing to support Russia on Ukraine.
"Generally speaking, on the Ukraine issue we have taken an objective and just stance," Liu Guchang, a former Chinese ambassador to Russia and adviser to the foreign ministry, told Reuters. "All peoples and parties have to be respected. But we have seen very clearly the reality of the situation."
Beijing has adopted a cautious response to the Ukraine crisis, not wanting to alienate a key ally.
It has not commented directly on a referendum in which Crimea voted overwhelmingly to join Russia, lest it set a precedent for its own restive regions including Tibet.
While in Shanghai, Putin will also meet U.N. Secretary General Ban Ki-moon to discuss the Ukraine crisis.
Kiev holds a presidential election on Sunday, and in a move that could be intended to ease tensions in the region ahead of the vote, Putin ordered military forces to return to permanent bases after drills in three regions bordering Ukraine.
Putin's office said he had issued the order because the spring maneuvers were over, but in Brussels, a NATO military officer said the military alliance had seen no sign of Russian troops returning to their bases.
(Additional reporting by John Ruwitch in Shanghai and Olesya Astakhova and Vladimir Soldatkin in Moscow; Editing by Mike Collett-White)
China is really smart on this issue. China can always find suppliers, but Russia cannot find appropriate buyers ATM.
More broadly, the Russian leader, cold-shouldered in the West for his stance on Ukraine, can expect a warmer reception in China, itself increasingly assertive in territorial disputes with smaller neighbors in the South China Sea.
The crisis in Ukraine, which has left European countries looking at ways to reduce dependency on Russian natural gas supplies, and Beijing's drive to switch from coal use to cleaner fuels, have created a convergence of interests.
Analysts said that will be on display when Putin meets Chinese President Xi Jinping in Shanghai, although the success of his visit will rest in part on whether any energy agreement contains enough detail to take it beyond mere words.
Chinese state media on Monday quoted Putin as saying that preparations for a gas deal had entered "the final phase".
Negotiations in the past have collapsed over differences on pricing.
Russia's state-controlled Gazprom said at the weekend that it was still "one digit" away from a deal.
But on Monday, sources close to the company and in the gas industry said it wanted China to pay $25 billion now to secure future gas supplies, whereas China had so far been reticent, concerned that other suppliers would seek similar deals.
"We are pinning our hopes on Putin's May visit," a source at Gazprom said.
For its part, Beijing has been pushing to secure equity stakes in gas fields in eastern Siberia, which would be the main source of supply.
The agreement that could be signed is a 30-year contract for Gazprom to supply China National Petroleum Corp (CNPC) with 38 billion cubic meters (bcm) of natural gas per year.
Should the deal be finalized this week, construction of a new pipeline is expected to begin by the end of 2014 and start delivering gas by 2018.
China's Xi has underscored the importance of ties with Russia, and Moscow was the first capital he visited after assuming the presidency last year. Xi also attended the Winter Olympics in Sochi at Putin's invitation.
But, while the two see eye-to-eye on many international diplomatic issues, including the conflict in Syria, and generally vote as one on the United Nations Security Council, China has not been so willing to support Russia on Ukraine.
"Generally speaking, on the Ukraine issue we have taken an objective and just stance," Liu Guchang, a former Chinese ambassador to Russia and adviser to the foreign ministry, told Reuters. "All peoples and parties have to be respected. But we have seen very clearly the reality of the situation."
Beijing has adopted a cautious response to the Ukraine crisis, not wanting to alienate a key ally.
It has not commented directly on a referendum in which Crimea voted overwhelmingly to join Russia, lest it set a precedent for its own restive regions including Tibet.
While in Shanghai, Putin will also meet U.N. Secretary General Ban Ki-moon to discuss the Ukraine crisis.
Kiev holds a presidential election on Sunday, and in a move that could be intended to ease tensions in the region ahead of the vote, Putin ordered military forces to return to permanent bases after drills in three regions bordering Ukraine.
Putin's office said he had issued the order because the spring maneuvers were over, but in Brussels, a NATO military officer said the military alliance had seen no sign of Russian troops returning to their bases.
(Additional reporting by John Ruwitch in Shanghai and Olesya Astakhova and Vladimir Soldatkin in Moscow; Editing by Mike Collett-White)
China is really smart on this issue. China can always find suppliers, but Russia cannot find appropriate buyers ATM.
why china doesn't build iran gas fields?
Cuz iran want to get all profit from those gas fields.
r u sure? iran offers good contract to china but china fears to invest because of sanctions. they gave chinese pretty good contracts, but they didn't start the projects ;/
No，The contracts are very strict.they don't start the projects because there is no profits，not the sanctions.China can always create a new company that don't have anything to do with the west to do this job.
but some of the chinese companies were awarded contracts in 2008 if im not mistaken. if it wasnt profitable for them they wouldn't participate right? however, i think things r more complicated that u put it. chinese companies still need to use western technology to drill in iran (in particular for LNG), if words get out that they r using western technology in their iran projects these companies could be brought to international courts.
anyway, iran revised its contracts u guys should go ahead.
well，I guess they must thought the risk is bigger than the profit
Hamartia Antidote
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Expect plenty of stuff like that. Search for "Putin Corruption"
senheiser
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no its not, its a bit cheaper than europe
because Iranian gas is more expensive
this is how much europe would have to pay for iranian gas
now add the route trough pakistan and himalaya mountains or trough central asia. Russia will also soon establish lng plants in vladivostock and yamal peninsula so even russian LNG will be cheaper in all of Asia
when did we backstabb china?
Last edited:
no its not, its a bit cheaper than europe
because Iranian gas is more expensive
this is how much europe would have to pay for iranian gas
now add the route trough pakistan and himalaya mountains or trough central asia. Russia will also soon establish lng plants in vladivostock and yamal peninsula so even russian LNG will be cheaper in all of Asia
u r not very good at reading your own source? r u? do u even know what CAPEX is? this is not even accurate considering the current situation, iran infrastructures need complete overhaul, and pipelines needs to be constructed. if u take into account the cost after the overhaul iran oil and gas will be among the cheapest in the world.
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