Tag Archives: natural gas

5 Popular Misconceptions about the Sino-Russian Gas Deal

The conclusion of a 30-year, 38 BCM/year Sino-Russian gas deal has gotten considerable attention in the media recently. Not surprisingly, much of the coverage – especially in the western media – was emotionally charged, given that Putin’s visit to China & the deal signing coincided with the unfolding crisis in Ukraine. There was no shortage of rhetoric about Putin “making Russia a resource appendage of China” for “good PR”, as if being a resource appendage of the West is so much better. The tirade of rhetoric against this deal reminds me of the type of propaganda we saw when China started boosting trade and investment in Africa. This post will address some of the biggest misconceptions being propagated in the western (& even Russian) mainstream media, and seek to draw conclusions based on facts, rather than anti-Chinese xenophobia. This is a lengthy post, so for those who are not interested in the details, the bold text will give you an adequate summary.
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