{"id":4571,"date":"2014-05-12T07:26:04","date_gmt":"2014-05-12T13:26:04","guid":{"rendered":"https:\/\/myfutureamerica.org\/?p=4571"},"modified":"2014-05-12T07:26:30","modified_gmt":"2014-05-12T13:26:30","slug":"4571","status":"publish","type":"post","link":"https:\/\/myfutureamerica.org\/?p=4571","title":{"rendered":"Russia: Historic 30-yr gas deal with China set to be signed next week"},"content":{"rendered":"<h1>\u00a0<\/h1>\n<div class=\"cont-wp-mid max_width\">\n<div class=\"acticle_clock\"><span class=\"time\"> Published time: May 12, 2014 13:02 <\/span><\/p>\n<div id=\"get-short-url\"><a class=\"get\" href=\"http:\/\/rt.com\/business\/158396-gasprom-russia-china-cnpc\/\" data-url=\"http:\/\/rt.com\/business\/158396-gasprom-russia-china-cnpc\/\">Get short URL<\/a><\/div>\n<div class=\"i-clears i-mh\">\u00a0<\/div>\n<\/div>\n<div class=\"i-clears i-mh\">\u00a0<\/div>\n<div class=\"addthis_toolbox addthis_default_style addthis_20x20_style\">\n<div class=\"atclear\">\u00a0<\/div>\n<\/div>\n<div style=\"overflow: hidden;\">\n<div class=\"sharebutton\">\n<div id=\"_atssh\" style=\"visibility: hidden; height: 1px; width: 1px; position: absolute; z-index: 100000;\"><iframe loading=\"lazy\" id=\"_atssh559\" style=\"height: 1px; width: 1px; position: absolute; z-index: 100000; border: 0px none; left: 0px; top: 0px;\" title=\"AddThis utility frame\" src=\"http:\/\/ct1.addthis.com\/static\/r07\/sh157.html#\" width=\"300\" height=\"150\"><\/iframe><\/div>\n<\/div>\n<div class=\"clearboth\">\u00a0<\/div>\n<\/div>\n<\/div>\n<div class=\"b-tags_trends\">\n<div class=\"b-tags_trends-hrcol\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<p>A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia\u2019s Deputy Energy Minister Anatoly Yanovsky has said. All that\u2019s needed are the two countries\u2019 signatures, he added.<\/p>\n<p><em>&#8220;We hope that the negotiations will be completed as scheduled,&#8221;<\/em> Reuters quoted Yanovsky as saying.<\/p>\n<p>Russian President Vladimir Putin is due in the Chinese capital next week where the nations are widely expected to sign the deal. The contract\u2019s been in the making for the last 10 years and in March 2013 resulted in signing of a delivery memorandum between Russia\u2019s Gazprom and China\u2019s CNPC. The terms of the pipeline delivery contract outline Russia\u2019s intention to supply China with 38 billion cubic meters of gas per annum for 30 years, starting in 2018.<\/p>\n<p>Yanovsky said that energy projects, such as oil or gas pipelines, are still new to the Russia-China relationship and that\u2019s why they need a very careful and balanced research and approach.<\/p>\n<p><em>\u201cTalks regarding the development of the Far East and Siberia in terms of sales of raw materials eastward have never been held before. However, now our dialogue includes issues such as mining and the transportation of hydrocarbons,\u201d<\/em> Yanovksy said.<\/p>\n<p>At the beginning of 2013, the CEO of Russia\u2019s energy giant Gazprom, Aleksey Miller, said that the figure of 38 billion cubic meters of gas per year could rise to 60 bcm over the duration of the contract. The price of Russian gas for China is yet to be announced. However an April 10 article in Russia\u2019s business daily Vedomosti suggested the sides are negotiating within the range of $360-$400 per 1,000 cubic meters.<\/p>\n<p>China is Russia\u2019s biggest trading partner outside the EU. Both countries expect bilateral trade to reach <a href=\"http:\/\/rt.com\/business\/russia-china-trade-record-836\/\" target=\"_blank\">$100 billion<\/a> by 2015 and $200 billion by 2020. The energy sector is arguably the most attractive at this stage as China attempts to close coal-fired power stations and raise natural gas consumption by 11 percent this year, according to a CNPC Economics and Technology Research Institute report.<\/p>\n<p><a href=\"http:\/\/rt.com\/business\/158396-gasprom-russia-china-cnpc\/\" target=\"_blank\">RT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Published time: May 12, 2014 13:02 Get short URL \u00a0 \u00a0 \u00a0 \u00a0 &nbsp; A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia\u2019s Deputy Energy Minister Anatoly Yanovsky has said. All that\u2019s needed are the two countries\u2019 signatures, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[98],"tags":[864,137,118,139,632,865,168,866,649,665,140,867],"class_list":["post-4571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-big-deal","tag-brics","tag-china","tag-economy-2","tag-energy","tag-gas","tag-global-economy","tag-infrastructure","tag-natural-resources","tag-oil","tag-russia-2","tag-russia-and-the-global-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/myfutureamerica.org\/wp-content\/uploads\/2014\/05\/gasprom-russia-china-cnpc.si_.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/s2SfUR-4571","_links":{"self":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/4571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4571"}],"version-history":[{"count":2,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/4571\/revisions"}],"predecessor-version":[{"id":4574,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/4571\/revisions\/4574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/media\/4572"}],"wp:attachment":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}