Russia and China just agreed to a second major gas deal, worth slightly less than the $400 billion agreement reached earlier this year, according to Bloomberg. The details of the deal mean Russia will supply China with another 30 billion cubic metres of gas every year for the next three decades through the Altai pipeline, a proposed pipe transporting the gas from western Siberia to China. Earlier in the fall, Keun-Wook Paik at the Oxford Institute for Energy Studies said this kind of deal would be “Putin’s revenge,” according to the Financial Times. Many analysts see the move as …read more
Source: Business Insider
