May/14
23
Russia and China reached an agreement on gas supplies
No comments · Posted by Sergei Rzhevsky in Economics, Politics
Under the agreement valued at $ 400 billion, Russia will supply China with 38 billion cubic meters of natural gas per year for 30 years.
Analysts estimate that the price of Russian gas on the border with China will be about $ 350 per 1,000 cubic meters, and apparently will not cover even the cost of natural gas delivered through the pipe at the border because in justification of the investment cost price was set at $ 360-400.
It is clear that this is a political project rather than concern about improving the welfare of the citizens of Russia.
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