So this morning, the Chinese finally sign a deal to take Russian East Siberian Gas in a 30 year deal. They really did hold all the cards in the end in these negotiations. That Gas had nowhere else to go other than China if it came out of the ground at all. President Putin had already arrived in Beijing and it was touch and go whether the Chinese would sign - last minute squeeze by his hosts after a decade of negotiations? No wonder the Russians are desperate to do this deal. Already eastern European countries are looking for alternative, more secure, energy supplies so that they can stay warm in future winters given the insecurity of Russian supply. This search may be looking for a medium to long term solution but Russia can see the writing on the wall. As for the Russian's inviting Chinese interest in its Siberian natural resources – Be Careful What You Wish For, Mr Putin!
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Ballsy ShortsConcise Ballsy Thinking as the latest news rolls off the ticker tape. (Er, if you are under 20, Google it!) Archives
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