{"id":1250,"date":"2014-11-08T07:46:13","date_gmt":"2014-11-08T12:46:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1250"},"modified":"2014-11-08T07:46:13","modified_gmt":"2014-11-08T12:46:13","slug":"russia-nears-completion-of-second-holy-grail-gas-deal-with-china-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1250","title":{"rendered":"Russia Nears Completion Of Second &#8220;Holy Grail&#8221; Gas Deal With China | Zero Hedge"},"content":{"rendered":"<p><a href='http:\/\/www.zerohedge.com\/news\/2014-11-07\/russia-nears-completion-second-holy-grail-gas-deal-china'>Russia Nears Completion Of Second &quot;Holy Grail&quot; Gas Deal With China | Zero Hedge<\/a>.<br \/>\nSix months ago, something few had expected would take place in 2014, or even in the coming years, happened: under Western pressure and out of a desire to diversify away from an increasingly hostile European market, Russia signed the so-called &#8220;Holy Grail&#8221; gas deal with China, pivoting away from the west and toward with Beijing.<\/p>\n<p>As part of the deal, the two nations reached a $400 billion agreement to construct the Power of Siberia pipeline, which will deliver 38 billion cubic meters (bcm) of gas to China. The compromise was a lower price than Gazprom would have otherwise hoped for, however in taking a cue right out of Amazon, &#8220;Russia would make up in volume what it lost in price.&#8221; This eastern route will connect Russia\u2019s Kovykta and Chaynda fields with China, where recoverable resources are estimated at about 3 trillion cubic meters.<\/p>\n<p>And then today, with little fanfare, Russia&#8217;s president Putin &#8211; whose economy is said to be reeling as a result of a plunging currency, paradoxically something Japan would love to be able to achieve on such short notice &#8211; told the media ahead of his visit to the Asia Pacific Economic Conference on November 9-11, that Moscow and Beijing have agreed many of the aspects of a second gas pipeline to China, the so-called western route, or as some already are calling it, the &#8220;second holy grail.&#8221;<br \/>\n&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia Nears Completion Of Second &quot;Holy Grail&quot; Gas Deal With China | Zero Hedge. Six months ago, something few had expected would take place in 2014, or even in the coming years, happened: under Western pressure and out of a desire to diversify away from an increasingly hostile European market, Russia signed the so-called &#8220;Holy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[130,349,694,805],"class_list":["post-1250","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-china","tag-gas","tag-russia","tag-trade"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1250"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1250\/revisions"}],"predecessor-version":[{"id":1251,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1250\/revisions\/1251"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}