An update on this geopolitical shift came to light yesterday. It seems that Russia and China will be signing a “gas supply contract” in the month of May. The only holdup in contract talks seems to be the “base price”. I’m sure the rest of the energy community will be weighing in of this price. Don’t look for companies in the industry to be declarations of their own. Expect “tough” talk from governments in the West as the two Asian powers move closer together.
There are other contracts in the works:
“Russia and China have agreed to jointly develop gas fields in (Russia’s far eastern) Sakhalin and East Siberia,” Dvorkovich said. “We have discussed co-operation in the coal sphere, agreeing to develop deposits, supply equipment and build electric plants as well as providing China with additional electricity supplies”.