Russia Prepares Mega-Deal With India After Locking Up China With "Holy Grail" Gas Deal
Submitted by Tyler Durden
Last week
we reported that
while the West was busy alienating Russia in every diplomatic way
possible, without of course exposing its crushing overreliance on
Russian energy exports to keep European industries alive, Russia was
just as busy cementing its ties with China, in this case courtesy of
Europe's most important company, Gazprom, which is preparing to announce
the completion of a "holy grail" natural gas supply deal to Beijing. We
also noted the following: "
And as if pushing Russia into the
warm embrace of the world's most populous nation was not enough, there
is also the second most populated country in the world, India." Today we learn just how prescient this particular comment also was,
when Reuters reported that Rosneft, the
world's top listed oil producer by output,
may join forces with Indian state-run Oil and Natural Gas Corp to
supply oil to India over the long term, the Russian state-controlled
company said on Tuesday.
Rosneft CEO Igor Sechin, an ally of President Vladimir Putin,
travelled to India on Sunday, part of a wider Asian trip to shore up
ties with eastern allies at a time when Moscow is being shunned by the
West over its annexation of Crimea.
With EU nations threatening to cut their reliance on Russian oil and gas, Russian officials have started to look East.
Rosneft said it had also agreed with ONGC they may join forces in
Rosneft's yet-to-be built liquefied natural gas plant in the far east of
Russia to the benefit of Indian consumers.
We just have one question: will payment for crude and LNG be made in
Rubles or Rupees? Or in gold. Because it certainly won't be in dollars.
THE DOLLAR UNDER ATTACK:
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