Russia-China Gas Deal
Gas deal: $456 billion for 38 billion m3 over the next 30 years, starting in 2018. Price: 35-40 cent/m3. The US can be proud of itself. Through its clever maneuvering in the Ukraine, it has driven a wedge between Europe and Russia over the Crimean non-issue, leaving Russia little choice to prepare for the worst: opt for China as plan B. In that light it is of the utmost importance to tell the Americans to pack their bags and go home. America is not a friend, but a competitor and should be treated as such. Europe’s interests are first and foremost situated in Eurasia, that’s where the markets are, that’s where the resources are.