As Putin looks east, China and Russia sign $400-billion gas deal

Comments (40)
SvenBolin wrote:

“as Europeans look elsewhere for their energy” such as where? Are you mad, do you think they will switch to firewood? The US promised energy will take at least a decade to develop (infrastructure etc) and by the shale gas will be out

May 21, 2014 7:04am EDT  --  Report as abuse
expat75 wrote:

Russia like China has the advantage of carrying out policies beneficial to their countries unlike the United States which leaves economic acquisitions to the free market and concentrates on declaring verbal war against these two countries. Jaw-Jaw as Churchill once put it is better than War-War. China is buying up oil and other commodities around the world which will benefit its future. Not to the USA.

May 21, 2014 7:19am EDT  --  Report as abuse
Jingan wrote:

kudos is that……….. exchange of payments will not be in US dollars

May 21, 2014 7:39am EDT  --  Report as abuse
aweiss wrote:

EUS sanctions at work, pushing Russia’s economy to only gain, getting more business and markets. Very smart of Obama.

May 21, 2014 8:42am EDT  --  Report as abuse
innismor wrote:

do not kid yourself, they will be at each others throats within ten years, huge border, china will eventually have eyes on russian land and russia will not have enough people to defend it

May 21, 2014 8:44am EDT  --  Report as abuse
QuidProQuo wrote:

I see a long and mutually beneficial alliance between china and Russia. I think the leaders of both countries are astute and will clearly join forces to invest together in energy infrastructure projects. Many a good bridge and/or pipleline system will be developed by these two strong and developing nations.

May 21, 2014 9:41am EDT  --  Report as abuse
pyanitsa wrote:

A brilliant outcome of American “Fuck the EU!” Diplomacy.

May 21, 2014 9:46am EDT  --  Report as abuse
pyanitsa wrote:

The editors at Reuters who try to make Putin look small only succeed in making themselves look ridiculous.

May 21, 2014 9:55am EDT  --  Report as abuse
Whatsgoingon wrote:

The deal appears to be win-win for Russia and China. The project will create jobs, ease air pollution, and help remove China’s growth bottleneck. It’s worth the decade-long effort.

What have we done in the past decade internationally? We spent a trillion to remove Bin Laden, the puppet we created, quadrupled oil price. The return? Thousands of body bags home, billions of debt…

Yet when new “puppet opportunities” arose in Ukraine, Vietnam and Philippines, we spared no time jumping in. Can fellow Americans enlighten me why we love lose-lose propositions so much?

On a positive note, our efforts accelerated signing of the deal. Without our pressure on both they could take a little longer.

May 21, 2014 10:29am EDT  --  Report as abuse
Macedonian wrote:

What a ridiculous investigative report by Reuters on doing business in Russia on the same day the deal of the century was signed. Putin’s supporters do not care if he has a palace or money in secret accounts. Does any fan of Oprah that lives in a $3000 mobile home cares about her enormous wealth?

May 21, 2014 11:16am EDT  --  Report as abuse
AlkalineState wrote:

Haha. Like the Russians honor contracts. They’ll sign anything. It’s the delivery they come up short on. Every time. Good luck, China :) I wouldn’t pre-pay.

May 21, 2014 11:34am EDT  --  Report as abuse
TruWorldPeace wrote:

This is a big blow to the empire of greed led by the U.S. It is another indication that world economic power will keep flowing East… and South.

May 21, 2014 11:44am EDT  --  Report as abuse
eturugo wrote:

One way closes, another way opens.

May 21, 2014 11:54am EDT  --  Report as abuse
FreedomFries wrote:

So if China hacks Russian computers and gets extra gas for free, would they call that spying? And how is that any different than what they stole from American companies?

May 21, 2014 12:04pm EDT  --  Report as abuse

Once again we have created a humungus power house in Asia/Pacific due to the short sighted US foreign policies, we keep pouring american tax payers money into places that eventually comes back to bite us in our posterior. This is not a democrat or a republican issue, whichever party wins the elections the foreign policies never change.
American “so called” democracy is very convoluted in the sense that it is always the rich lobbyist groups that will have the final say (the 1 percenters).
I say time for a change, sanctions don’t work, Cuba Iran and many more C & S American countries including M.E. already have rising anti american sentiments, time to mend fences.
I have predicted this years ago and maintain that an alternative currency to the US$ will soon emerge and that will have drastic effects on the dollar and consequently Wall St.

May 21, 2014 12:08pm EDT  --  Report as abuse
carlmartel wrote:

China and Russia already have gas and oil pipelines operating from Siberia into Heilongjiang Province in the east and into Xinjiang Province in the west between Kazakhstan and Mongolia. Russia is working on a gas pipeline from Sakhalin Island to Hokkaido to sell more gas to Japan. Russia sells gas to all US allies and most other countries in the Far East because the tanker distances are shorter from Vladivostok. Russia also sells gas from Novorossiysk through the Turkish Straits to Africa and India, and it will use Crimean ports when the two mile road and rail bridge is built across the Strait of Kerch.

Russia and China are refining Russian oil to compete against the US for refined oil product sales. The US imports greater volumes of oil, refines it, and exports greater dollar amounts of refined oil products for a $100 billion favorable trade balance. Russia starts with its own crude, refines it and pays China to refine it, and will greatly undercut the US in price and still take $100 billion or more in profits from the US with its shorter tanker distances to markets in Asia and Africa that grow faster than the US and EU. Russia’s $100 billion annual trade gain and the US $100 billion trade loss will be permanent, so the US trade deficit will rise from $500 billion per year to $600 billion per year.

May 21, 2014 12:08pm EDT  --  Report as abuse
yurakm wrote:

@ SvenBolin:

“do you think [Europeans] will switch to firewood?”

There are other renewable sources of energy. Until almost the mid of XX century, sun-dried dung used to be the main source of energy used for heating and cooking in big parts of Ukraine. It is still the second source of renewable energy in developing countries, after firewood.

May 21, 2014 12:13pm EDT  --  Report as abuse
xcanada2 wrote:

The big loser is the EU!

We could compare it with US being cutoff from Canada’s resources. That is where the US is driving EU, with the Ukraine issue and their anti-Putin propaganda. The more our American bosses drive Russia into coalition with China, the weaker are our European allies.

Besides, Russia and its people are a natural extension of Europeans. America is breaking them up.

But, perhaps it is for the best. China peacefully gets improved access it Russia, and its European heritage. America brings itself down another peg. US powers are gradually reduced, and hopefully they will eventually become non-exceptional members of the world community. Most of us hope this will occur without our pitiful hegemons triggering a world war.

May 21, 2014 12:13pm EDT  --  Report as abuse
maxadoriesII wrote:

Coal only “contributes to the harmful smog” because the Chinese choose to run their plants with no environmental controls for greater efficiency.

May 21, 2014 12:22pm EDT  --  Report as abuse
Whatsgoingon wrote:

@xcanada2 I was wondering why we haven’t heard from Ms. Merkel recently. I thought she’d speak more after we promised not to tap her phone…

May 21, 2014 12:40pm EDT  --  Report as abuse
FreedomFries wrote:

Why do we even trade with communist China? We cut them off and their farce of an economy collapses. And then any combination of Russian and Chinese allies are a complete joke compared to the US alone. But we’re too nice, keeping these leeches alive because of our humanis.

May 21, 2014 1:32pm EDT  --  Report as abuse
Bugzy wrote:

Come to ondon and see the Chinese and Russians buying up all the good real estates. The Chinese are the best tourists in london as they shop at the most expensive shops. The chinese are doing better and the E.U and USA should acknowledge that and try to help its own citizens by being friendly with China and Russia. We need them as friends not foes. The E.U has limited resources, big liabilities due to an ever expanding socialist government. The normal people are over-taxed, demoralised, over-charged, priced-out of decent homes. China works hard and deserve some credit but I still don’t know why defence budgets are so high while citizens suffer. There is no war and God knows that even Putin and China don’t want war. Invest in E.U and American citizens and not in WMDs

May 21, 2014 1:40pm EDT  --  Report as abuse
FreedomFries wrote:

China’s wealth was drained from the West. There’s nothing generous about them spending money they got from industries they stole using trade tricks and slave labor. The Communist Chinese literally had nothing to offer the world except dirt cheap labor which you can find anywhere. But their government manipulated their currency and used their cheap labor to steal US, European, and Japanese industry. There’s nothing nice about their shopping. They are trading their cheap labor and manipulated currency for real estate. Essentially trading intangible for real stuff. How nice of these manipulators to spend the Western wealth they gleaned in European shops!

May 21, 2014 2:01pm EDT  --  Report as abuse
FreedomFries wrote:

China’s wealth was drained from the West. There’s nothing generous about them spending money they got from industries they stole using trade tricks and slave labor. The Communist Chinese literally had nothing to offer the world except dirt cheap labor which you can find anywhere. But their government manipulated their currency and used their cheap labor to steal US, European, and Japanese industry. There’s nothing nice about their shopping. They are trading their cheap labor and manipulated currency for real estate. Essentially trading intangible for real stuff. How nice of these manipulators to spend the Western wealth they gleaned in European shops!

May 21, 2014 2:01pm EDT  --  Report as abuse
Bugzy wrote:

@ Freedomfries – you are swimming in your own pee. China and Russia are not to be messed with. America is so great but can’t just stop spying or waging wars. America would be 100 times greater if it invested in its own citizens, stop all the wars, cut the massive defence budget and cut taxes. I love America and hope it will change soon…..Obama let me down but we all know he’s a puppet on a string

May 21, 2014 2:02pm EDT  --  Report as abuse
Skeeter2 wrote:

Comment section on every national news site:

Something something something Russian Propaganda
Something something something Chinese Propaganda
Something something something Russian Propaganda
Something something something Chinese Propaganda
Actual intellectual point
Spam
Something something something Russian Propaganda
Something something something Chinese Propaganda
Something something something Russian Propaganda
Something something something Chinese Propaganda

May 21, 2014 2:04pm EDT  --  Report as abuse
DeNovo wrote:

Yes, this is probably the first real nail going straight down into the green buck coffin. Dollar as a reserve currency more and more looks like a thing of the past. Is US going to start WW over it?

May 21, 2014 2:14pm EDT  --  Report as abuse
TruWorldPeace wrote:

@FreedomFries

People hate what they can’t conquer. Do you hate China? Russia? How can we help you?

May 21, 2014 2:33pm EDT  --  Report as abuse
UauS wrote:

AWESOME! I really hope this will urge the US, EU, Japan and Israel to join forces to come up with real breakthrough in solar batteries/ other alternative sources of energy as quickly as possible. This might be our only chance to preserve life on this Planet as we know it.

May 21, 2014 2:40pm EDT  --  Report as abuse
mickey58 wrote:

Great deal! In time Putin can blackmail China once the gas starts flowing. These 2 countries deserve each other.

May 21, 2014 3:26pm EDT  --  Report as abuse
FreedomFries wrote:

The truth hurts. Where was China before the US really opened up trade with them in 2000? Their economy was smaller than the state of California. That is a verifiable fact. But but it was some blah blah economic reforms that caused China to gobble the US’s industries. Yeah that’s the ticket. The US spent 100+ years innovating and creating new industries and China was able to take it with “economic
reforms”. Yeah that’s the ticket. It definitely wasn’t China growing yheir economy on the back of ours and then trying to rewrite history after the fact. I eishr we could block chinese and russian ip addresses from our news sites. It’s not fair that they can block us out of their

Internet but we see their pitiful lies. Everything China makes was invented somewhere else. If China was in the least bit competitive, they wouldn’t outright ban foreign competition like they do. I mean their absurdly high tariffs and ridiculous inport restrictions are bad enough. But sometimes even that isn’t enough to help their insecurity and they outright ban their foreign competition. I mean half of the time they don’t even have industries to compete with foreigners. They demand joint partnerships and demand we teach them how to make industries to compete with ours. Or they will cut us off from their labor pool or market. “Teach me how to beat you at your own game, or else”. There isnt a word for how pathetic Chinese are at trade. It’s subsubhuman.

May 21, 2014 3:48pm EDT  --  Report as abuse
FreedomFries wrote:

The truth hurts. Where was China before the US really opened up trade with them in 2000? Their economy was smaller than the state of California. That is a verifiable fact. But but it was some blah blah economic reforms that caused China to gobble the US’s industries. Yeah that’s the ticket. The US spent 100+ years innovating and creating new industries and China was able to take it with “economic
reforms”. Yeah that’s the ticket. It definitely wasn’t China growing yheir economy on the back of ours and then trying to rewrite history after the fact. I eishr we could block chinese and russian ip addresses from our news sites. It’s not fair that they can block us out of their

Internet but we see their pitiful lies. Everything China makes was invented somewhere else. If China was in the least bit competitive, they wouldn’t outright ban foreign competition like they do. I mean their absurdly high tariffs and ridiculous inport restrictions are bad enough. But sometimes even that isn’t enough to help their insecurity and they outright ban their foreign competition. I mean half of the time they don’t even have industries to compete with foreigners. They demand joint partnerships and demand we teach them how to make industries to compete with ours. Or they will cut us off from their labor pool or market. “Teach me how to beat you at your own game, or else”. There isnt a word for how pathetic Chinese are at trade. It’s subsubhuman.

May 21, 2014 3:48pm EDT  --  Report as abuse
globaltravel wrote:

FreedomFries, don’t listen to the media only. you should be happy, if your claims are all true, that China can only copy. Imagine if China can create and dominate the world with new ideas and technologies in the next decade, what will be the state for USA and you!

May 21, 2014 3:56pm EDT  --  Report as abuse
kommy wrote:

This is the end of it, EU is a sore loser. Ukraine will go to oblivion. All this meddling was to bend over Russia, look who is getting a shaft now. Kuddos to Putin.

May 21, 2014 4:10pm EDT  --  Report as abuse
Neurochuck wrote:

What are we going to call this evolving geo-political/growth-economy/yuan-financed federation of national interests ?
“Eurasia” is too broad, because it does not include India.
“Sinorus” is too narrow, because it does not include central Asia and Iran.
“F**k the EU”. “F**k America”. Who said that ?

May 21, 2014 7:29pm EDT  --  Report as abuse
fw360 wrote:

““Teach me how to beat you at your own game, or else”. There isnt a word for how pathetic Chinese are at trade.”

If that is true, why did we do it? Did we have guns pointing at our heads?

Who we blame?!

May 21, 2014 8:01pm EDT  --  Report as abuse
veethevee wrote:

thanks Jesus. Gas prices can be lower in a few day. Shame on isolationism.

May 21, 2014 8:53pm EDT  --  Report as abuse
xcanada2 wrote:

$400B bucks over 30 years. No big deal. We took on 15 times that just to keep our bankers and 1% happy, that is our recent $6 trillion contribution to bailouts and sundry.

We even give out 3 1/2 times that oil deal, $1.4T extra EVERY YEAR for the privileged of a second rate health care system, compared to single payer system, for example, in Canada. That is, a 10% tax on the 99% to the benefit of the 1% rentiers of our country. Capitalism at its best. Yeah, that makes us real competitive!

May 21, 2014 9:47pm EDT  --  Report as abuse
sabrefencer wrote:

I just know, Putin gave the Chinese an inside price on the gas deal…if I were Europe , if I over paid, id make sure those that negotiated those contracts, are no longer in those positions…if they underpaid, then id give them a bonus…

May 21, 2014 12:34am EDT  --  Report as abuse
carlmartel wrote:

@Neurochuck

Call it the Shanghai Cooperation Organisation or SCO. The SCO is a military, political, and economic alliance of Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Mongolia, Afghanistan, Pakistan, India, and Iran have Observer Status. Turkey, Belarus, and Sri Lanka have Dialogue Partner Status. The six active members have agreed to watch Afghanistan after the US and NATO leave in 2014, and they have conducted joint police and military maneuvers to prepare. At this time, China and Russia are conducting joint naval maneuvers in the East China Sea with 14 surface warships, 2 submarines, fixed wing aircraft, and helicopters. This could prove useful if they need to assist Pakistan by land and sea or if they want to cut off al Qaeda and the Taliban from southern supplies and money that ultimately come from the Arabian Peninsula.

My main reason to support Russia and China in this dispute is that they are fighting the same muslim terrorists that hit the US on 9.11.2001 in New York and on 4.15.2013 at Boston. If the blind, stupid, and disloyal people who disagree with me would look at terrorist attacks in north Africa and the Middle East, they would see that al Qaeda’s new leader is attacking oil and gas to raise the terror premium, raise revenues for Arab oil states, raise donations from citizens of Arab oil states to al Qaeda and other groups, damage US and NATO mechanized economies and militaries, and let the US and NATO pay for both sides in the war. It is an effective strategy that needs effective countermeasures. Strategically, the US and NATO could use the world’s biggest oil and gas station in Russian Siberia and the world’s biggest manufacturing facilities in China along with their manpower and their militaries in the current global war that is not over just because we are not in Iraq and are leaving Afghanistan. The Boston Marathon bombing of 2013 proved that because it was conducted by Chechen terrorists that Russia fights in the southern Caucasus as late as the Sochi Olympics in 2014. China fights Uighur terrorists in Xinjiang. Two of Osama bin Laden’s reasons for the 9.11.2001 attacks were that the US allowed Russia to fight muslims in Chechnya and for China to fight muslims in Xinjiang. Getting them out would require a nuclear war, and I would rather fight our terrorist enemies than fight de facto US allies in Russia and China.

May 22, 2014 1:49pm EDT  --  Report as abuse
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