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To the east, these pipelines are bringing the lifeblood of tomorrow as China buys forward gas supplies on a thirty-year contract, worth $400 billion over its lifetime. This giant sum, partly to be paid in advance, gives Beijing the energy security it craves, while more than justifying the estimated $22 billion cost of a new pipeline, and providing Moscow freedom and additional confidence in how it deals with its neighbours and its rivals. It is no surprise then that China was the only member of the UN Security Council not to rebuke Russia for its actions during the Ukraine crisis of 2014; the ...more
The Silk Roads: A New History of the World
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