Wednesday, May 21, 2014

China and Russia sign a $400 billion dollar gas bill (Video)

Ultimately, price hinges on the asking price between the two sides. This deal has been 10 years in the making and ultimately what it really comes down to at the very end is how much China is willing to pay for the gas. We are looking at somewhere between $350 or maybe slightly less for 1,000 cubic meters of gas. We are looking at the deal that is worth around $400 billion over a 30-year period of time.