Consumers will win in the Russia-China gas deal

Strategists have portrayed the China-Russia gas deal as an alarming power shift, but consumers should rejoice, as extra competition in the energy market will push down prices in the long term.

East Asia Forum

China and Russia have signed a 30-year natural gas contract. Come 2018 China will import 38 billion cubic metres of Russian gas per annum. Seemingly, the international community is alarmed and on guard. But is this warranted?


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