Energy and Politics = At Home and Abroad
Energy in Domestic and International Politics
©KIMBALL FILES
WORK IN PROGRESS
Table of Contents =
Contexts
Twentieth-century Chronology
Twentyfirst-century Chronology
-- People's Republic of China and the Russian
Federation
<>The largest context for the understanding of energy and politics [nrg&plt] is the global transformation most often called "The Industrial Revolution" [ID]
<>A second large context of understanding is the complex experience of what is called "Imperialism" [ID]
<>A third large context of understanding is embodied in various meanings of "Globalization" [EG#1 | EG#2 (petroleum) | EG#3 (wheat)]
<>1818:1872; The whale-oil industry
<>1876:1885;
Beginnings of transnational petroleum corporations
\\
*--A 21st-century Russian version of (1) the origins of the great US
transnational energy corporation Standard Oil, and (2) the fate of J.P. Morgan and
Company [TXT]
Twentyfirst-century Chronology
<>2011oc11:BEIJING| Reuters dispatch by Gleb Bryanski =
Russia said Tuesday it was close to the final stage of a huge gas supply deal with China, in what would be a landmark trade agreement between the long-wary neighbors.
A deal to supply the world's second biggest economy with up to 68 billion cubic meters of Russian gas a year over 30 years has long been delayed over pricing disagreements.
[68 billion cubic meters = 2 trillion, 400 billion cubic feet, or roughly twice the annual USA natural-gas exports to the whole world]
"We are nearing the final stage of work on gas supplies," [Russian Prime Minister Vladimir] Putin said during a visit to Beijing, his first overseas trip since announcing he was ready to reclaim the Russian presidency [this = Reuters' way of saying Putin will be a candidate for the office of President of the Russian Federation in the 2012 national elections].
Putin is hoping his two-day visit will help broaden trade with China, which he expects to grow to $200 billion in 2020 from $59.3 billion last year .
Earlier, his Deputy Prime Minister Igor Sechin said that there had been "significant" progress in the gas talks with Chinese Vice Premier Wang Qishan.
[...]
China's Xinhua state news agency praised Putin's visit as one that "will mark ever-deepening China-Russia cooperation." But the two giant neighbors have so far failed to seal a huge gas deal that has been negotiated for five years.
Russian state bank VEB [VneshEkonomBank ID] and the China Development Bank (CDB) [ID#1 | ID#2] signed a deal for the Chinese bank to invest $1.5 billion in building the first stage of [the Russian company] UC RUSAL's 750,000-tonne Taishet aluminum smelter [ID#1 | ID#2].
As well, the China Investment Corp agreed to invest $1 billion in a joint Russia-China Investment Fund [ID] set up in partnership with a Russian state-backed vehicle to promote direct investment.
[...]
Putin has brought an army of Russian executives including the CEOs of state-controlled energy firms Gazprom [ID#1 | ID#2] and Rosneft [ID#1 | ID#2] and aluminum producer UC RUSAL [ID'd best with acronym OK RUSAL| ID#1 | ID#2], all eager to exchange their wares for Chinese cash.
[...]
(Additional reporting by Chris Buckley and Sui-Lee Wee, Editing by Jonathan Thatcher)
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