NYT: Unclear if Russia-China gas news is MOU or real deal

It's not clear whether the accord for Russia's Gazprom (GZPFY) to supply China with gas is an actual contract with prices and other terms, or if it's a memorandum of understanding that would entail more talks, the NYT reports.

If it is "just a memorandum of understanding, that would be a disappointment," says analyst James Henderson. "We’ve had MOUs before."

The NYT also says the deal is for 20 years, while Reuters reports that it's for 30 years.

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Comments (6)
  • leopardtrader
    , contributor
    Comments (3675) | Send Message
    Why is NYT just speculating or just in disbelief ? This is a clear contract signed by Gasprom & China CNPC to supply 38BCM of natural Gas per year for 30 years. The worth is $400B.


    Get over with this the deal is real !
    21 May 2014, 07:42 AM Reply Like
  • taxman100
    , contributor
    Comments (581) | Send Message
    problem is Russia still is building the infrastructure to make this happen.


    Interesting thing about Putin is to a lot of people in Russia, he is considered rather soft on the West. He is blamed for allowing NATO to expand as far east as it has.


    The next guy may not be so accomadating.
    21 May 2014, 09:05 AM Reply Like
  • Sakelaris
    , contributor
    Comments (2593) | Send Message
    The New York Times has a strong pro-administration editorial stand and this no doubt affects the way their news articles will be slanted. They appear to think that by talking this Russia-China deal up as a failure, they can make it fail.


    The US should never have tried to tweak Russia's nose by playing resumed Cold War politics over Ukraine.
    21 May 2014, 09:55 AM Reply Like
  • geo689
    , contributor
    Comments (26) | Send Message
    And when the almighty US Dollar crashes we can blame trade deals between Russia and China instead of blaming the massive deficit spending and debt build up by all of our current and former 'politicians' (crooks) in office. No need to blame the Trillion dollars of debt due to the failed drug war. No need to blame The Trillions in debt due to fighting imaginary terrorists in foreign lands in unconstitutional wars. No need to blame the mega corporations that have taken all the 'living wage' jobs out of the US, or the government that made doing business in the US so difficult and costly.
    21 May 2014, 10:21 AM Reply Like
  • User 195396
    , contributor
    Comments (446) | Send Message
    NYT propaganda machine in action: I have long stopped relying on US media for any meaningful news or objective commentary-from article below, deal is signed.


    21 May 2014, 11:56 AM Reply Like
  • walter scott
    , contributor
    Comments (681) | Send Message
    German paper Die Zeit also reports it's a done deal. There are also multiple reports that China will be making pre-payments (in USD?). So much for sanctions. Thanks are due to the administration for pushing this deal through. Putin couldn't have done it without them.


    I must agree with the comments re the NYT; it's administration propaganda, especially on foreign policy.
    21 May 2014, 01:17 PM Reply Like
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