The $ 400 billion Shanghai LNG gas deal.

Starting in 2018 Russia shall begin to deliver Siberian gas to China, until 2048.

This will call for a new pipeline from Siberia to the big Chinese cities along the coast.

This will also be a big break-through for Chinas war against pollution, a much needed action. 

Russia will build the pipeline to the Chinese border, and China will build what is needed within China.

Vladivostok will be the centre in Russia, and the city will see a large new LNG plant. 

The Russian politician Alexei Pushkov said this shows that the USA and EU are not able to isolate Russia...

The contract was signed on May 21, 2014, by Vladimir Putin and his Chinese counter part Xi Jinpeng in Shanghai.  

The price of this russian gas is not disclosed, but should be somewhere around $ 350 per thousand cubic metres.

This is a big deal moneywise for Russia, but still Western Europe and Turkey are buying 4 or 5 fold what China will be buying.

The biggest value is probably all the PR for Russia and for Putin.

The conflict with EU and also USA did speed up closing this deal - talks have been going on for almost 10 years.

Now when the deal is closed Putin will be pleased, he showed Mrs Merkel and Mr Obama that he still have friends - in new places.

The Chinese will also be pleased - this gasdeal will most likely be more economical than existing contracts.