Thursday, 12 June 2014

After numerous complex negotiations and intense meetings, China and Russia signed a whopping $400 billion, 30-year, gas deal that will see Russia supply China with over 1 trillion tonnes via new pipelines fitted to the east of the country, connecting the two together.
The deal between Gazprom, a Russian Oil Company, and China National Petroleum Corp, has been 10 years in the making, and is expected to begin operations in 2018. The gas supply will aim to replace China's coal fired power stations and aid the ever-growing population and economy as well as, obviously, the environment. However, this deal isn't all good. Will it affect other countries? Will it cripple Russia’s relationship with the EU? Keep following the blog for more updates on the story!


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