Russia’s Gas Deal with China

The article “Russia signs 30-year gas deal with China” is an economic geography article concerning Russia and China. It discusses a deal that was signed between China National Petroleum Corp and Russia’s Gazprom. It is a deal that initiates exports of Russia’s gas products to China. The deal is projected to be worth over $400 billion, though the official value has not been released (BBC News).

The deal is expected to see natural gas of about 38 million cubic meters in volume exported to China every year. It came at a time when China was looking for a large-scale supplier of gas to supplement coal energy. On the other hand, Russia stood to gain by acquiring a second market for its gas. China is also expected to make a big investment in the transport and infrastructure of Russia (Nefedova, Treyvish, and Pallot 47). This will mostly be in the form of expanding Russia’s pipeline into Russia. Currently, Russia has a pipeline that runs to its border with China from Russia’s Far East border. The deal also shows an interest for the two countries to work together (BBC News).

As aforementioned, it is an economic geography article. It displays how Russia’s economy is expected to grow from a deal signed between the two countries for exchange of economic resources. The deal also shows the resultant growth in terms of transport and infrastructure which are both a big concern for economic geography (Redding, and Venables 76). Among the terms used in this article that may be used to assess it are transport, infrastructure, and economy.

In conclusion, the deal between China and Russia shows some positive impacts that arise as a result of two countries dealing with each other (Round 54). It also shows the importance of an economy’s ability to exploit its resources. Growth of a country’s transport and infrastructure are also prioritized in this article.

References

Works Cited

BBC News, (May 21^st 2014). Russia signs 30-year gas deal with China. Retrieved from: http://www.bbc.com/news/business-27503017

Nefedova, Tat’yana G., Andrey I. Treyvish, and Judith Pallot. “The “Crisis” Geography of Contemporary Russia.” Eurasian Geography and Economics (2010): n. pag. Print.

Redding, Stephen, and Anthony J. Venables. “Economic geography and international inequality.” Journal of International Economics (2004): n. pag. Print.

Round, John. “Rescaling Russia’s Geography: the Challenges of Depopulating the Northern Periphery.” Europe-asia Studies (2005): n. pag. Print.

arterly. (2013): n. pag. web. <10.1177/089124248800200206>