Tuesday, September 08, 2015 7:08:33 PM
The only way that pipeline gets built are 2 things let me spell it out for you.
#1. If Putin's government finances it, which he ordered his ministers to take a look at doing that on Sept 1st.
#2 If China agrees to a lower rate that was negotiated 16 months ago. Fat chance on that happening.
If #2 doesn't happen Gazprom can issue all the PR's misinformation in the world because the deal that was inked 16 months ago those gas prices are now more than 30% lower.
Chinese banks will not fund it that's a fact and why would they? That'd be the stupidest move in the world and be on the hook for massive losses.
So if this gets built it's because Putin ordered his minister cronies to do it and with no lower agreement with the chinese in gas prices that's suicide politically for Putin and will not work. The lower gas prices are the margins that would mean their profit who would build a pipeline with that risk? If Putin does it, in essence he owns Gazprom. Good luck to him going broke and BK'ng the Russian people.
Sure they can build it because Putin will open up kremlin bank accounts. By doing so he cuts off already scarce money resources to other state sponsored partnerships and let me tell you something Putins going to be out on his ass in a coup. But they will lose every penny they ever put into it.
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