Putin breaks ground on Russia-China gas pipeline, world’s biggest

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Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline – which will deliver 4 trillion cubic meters of gas to China over 30 years.

“The new gas branch will significantly strengthen the economic cooperation with countries in the Asia-Pacific region and above all – our key partner China,” Putin said at the ceremony outside the city of Yakutsk – the capital of Russia’s Republic of Yakutia on Monday.

Both President Putin and Vice Premier Zhang Gaoli signed the freshly-welded pipeline in a time-honored Russian tradition. The ‘Power of Siberia’ was welded together by workers from Chayanda gas field, overseen by CEO Aleksey Miller.

“Gazprom is always a reliable supplier of gas to its customers – which also applies to the ‘Power of Siberia,” Miller said.

The 3,968 km pipeline linking gas fields in eastern Siberia to China will be the world’s largest fuel network in the world. Both Putin and Vice Premier Zhang Gaoli have called the project the world’s largest construction project, as investment from both countries will be more than $70 billion.

“The gas pipeline ‘Power of Siberia’ will increase energy security and ensure Russia’s ability to fulfill export obligations,” Putin said in the opening remarks.

Read More: Russia and China seal historic $400bn gas deal

Starting in 2019, Power of Siberia will pump gas from Siberia to China’s populous northeast region as well as to Russia’s Far East. The Chinese side will start the construction of its part of the pipeline in the first half of 2015, the Vice Premier of China said.

Last year, China consumed about 170 billion cubic meters of natural gas and expects to consume 420 billion cubic meters per year by 2020. Europe still remains Russia’s largest energy market, buying more than 160 billion meters of Russian natural gas in 2013.

Gas resources exploration and gas transmission system formation in Eastern Russia (Source: Gazprom)

Gas resources exploration and gas transmission system formation in Eastern Russia (Source: Gazprom)

“Once we create a gas pipeline network here in the Far East and Siberia, we will be able to connect European pipeline system to the East. And this, in terms of export opportunities and expanding Russia’s ‘gasification’, is very beneficial. Depending on the situation in world markets, we can more effectively implement gas flows- either more to the West or to the East,” Putin told students at North-Eastern Federal University earlier on Monday.

Running from the Chayanda gas field in the Republic of Yakutia, the cost of construction is estimated at more than $20 billion (770 billion rubles), which includes other investment in the region of $7.5 billion (283 billion rubles). Russia’s largest steel pipeline manufacturer, TMK, will provide materials for the project.

The gas pipeline will become a common transit center for gas production centers in the Yakutia and Irkutsk regions.

The first stage of the project will be to transport gas from the Chayanda deposit in Yakutia and connect to the town of Blagoveshchensk on the Chinese border. The 968 km pipeline should be completed by 2018.

September 1, 2014. Russian President Vladimir Putin, right, at the ceremony marking the joining of the first link in the Power of Siberia main gas pipeline, held at Namsky Highway near Us Khatyn village. Gazprom Board Chairman Alexei Miller, right. Vice Premier of the People’s Republic of China Zhang Gaoli, left (RIA Novosti / Alexey Nikolsky)

September 1, 2014. Russian President Vladimir Putin, right, at the ceremony marking the joining of the first link in the Power of Siberia main gas pipeline, held at Namsky Highway near Us Khatyn village. Gazprom Board Chairman Alexei Miller, right. Vice Premier of the People’s Republic of China Zhang Gaoli, left (RIA Novosti / Alexey Nikolsky)

The Chayanda field, which will begin production in 2015, is estimated to have reserves of 1.2 trillion cubic meters in gas and 93 million tons of liquid hydrocarbons. Each year the field is expected to produce up to 25 billion cubic meters of gas and at least 1.5 million tons of oil.

Putin also said that China can become a shareholder in the Vankor oil and gas fields in the Krasnoyarsk region in Eastern Siberia. China will enter into a strategic relationship with Rosneft, Russia’s largest oil company, which owns the field.

The area is estimated to hold reserves of 520 million metric tons of oil and 95 billion cubic meters of natural gas. It has been in operation since 2009 and last year produced 21.4 million tons of oil and oil condensate.

“We generally take a very careful approach to the approval of our foreign partners, but of course, for our Chinese friends there are no restrictions,” Putin said.

In May, Russia’s state-run Gazprom signed a 30-year gas deal with China’s CNPC valued at $400 billion.

SWISS MAY SOON BACK FRANC WITH GOLD

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Switzerland yet again shows that it is the most sane nation-state on Earth

The Silver Bug: Switzerland is well known for its financial savviness. Their currency, the Swiss Franc, is still considered one of the strongest in the world.

Even if the reasoning for its strength is somewhat unfounded.

For decades Switzerland was one of the last bastions of the gold standard.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

“I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets — year-in and year-out.”

Their refusal to move away from a partial gold backed currency, granted them the luxury of a strengthened currency, which made it the envy of the world.

This was until May, 2000, when the legal requirement that 40% of all Swiss Francs be backed by gold was removed.

Unfortunately, the mass majority of Swiss citizens carried on, none the wiser, along with the mass majority of the world.

Like the US dollar, the Swiss Franc had the “illusion” of being as “good as gold”. Until recently.

The citizens of Switzerland have taken notice.

Unlike the citizens of America, the Swiss people are not content to sit by and allow the wealth of their country to be dis-hoarded any further.

Gold_Backed_Swiss_Franc

On November 30th, the people of Switzerland will stand up and make their voices heard.

The “Swiss Gold Initiative” will be held and the people of Switzerland will once again attempt to take control of their nation’s wealth.

T. Ferguson of the TFMetals report explains this upcoming event:

Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:

1. The halting of all Swiss gold sales

2. The repatriation of all Swiss gold that is held in foreign vaults

3. Resume backing the Swiss Franc with gold, at a minimum level of 20%

Of course, the politicians and bankers of Switzerland are squarely against this initiative as it greatly diminishes their hold on power and restricts their ability to continue to debase the Franc. Fortunately, as one of the world’s few remaining democracies, the Swiss people have an opportunity on November 30 to directly affect a change. For their sake and for the sake of their posterity, I pray that they choose wisely.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

“I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets — year-in and year-out.”

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Let us hope that they succeed.

If so, this will be a major victory for those of us who wish to see the price of gold truly set free.

Sadly for the Swiss people, the gold that they have leased out is unlikely to ever get returned.

As we know, it’s sitting in Chinese and Russia vaults, never to see the light of day again.

Futuristic Chinese ‘supersonic’ sub could reach US shores in under two hours

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Traveling from Shanghai to San Francisco in under two hours may sound like a fantasy, but China believes it’s figured out how to design an underwater vehicle that can make the idea a reality.

More worryingly, though, is the possibility that the technology will be used to develop even more dangerous weaponry.

According to the South China Morning Post (SCMP), the super-fast technology was developed by scientists at the Harbin Institute of Technology, and would allow underwater submarines or torpedoes to exceed the equivalent speed of sound under water – about 3,600 miles per hour.

The idea is based on the old Soviet concept of supercavitation, which involves creating a large air bubble around an object so that it could avoid facing too much friction and travel through water quickly.

Professor Li Fengchen said that when the vessel hits the water, one of its mechanisms continuously sprays a “special liquid membrane” all over the object’s surface. This membrane eventually wears off, but by the time the vessel reaches 46 miles per hour, it’s going fast enough to enter supercavitation state and generate an air bubble capable of helping it cover previously unknown distances.

“Our method is different from any other approach, such as vector propulsion,” Li told SCMP. “By combining liquid-membrane technology with supercavitation, we can significantly reduce the launch challenges and make cruising control easier.”

In theory, this means a trip across the Pacific Ocean would take only 100 minutes, while a transatlantic voyage could be undertaken in less than an hour.

Despite the claims of progress, Li added that there are still significant hurdles scientists have to overcome, such as creating precise steering controls and an engine strong enough to power the whole operation.

Many details surrounding the technology remain unknown, since the project is still categorized as a military secret. Supercavitation could still be used to create fast-moving torpedoes and other weapons, and the US, Russia, Germany, and Iran are all working on the same issue.

Still, Li said there could be ways to use the breakthrough to benefit more than just militaries. It could pave the way for fast underwater transportation, or help create swimsuits that allow for unprecedented mobility.

“If a swimsuit can create and hold many tiny bubbles in water,” he said, “it can significantly reduce the water drag; swimming in water could be as effortless as flying in the sky.”

CHINA TELLS USA: KEEP YOUR DISTANCE

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China demands U.S. stop close-in surveillance

BEIJING, Aug. 23 (Xinhua) — Chinese Defense Ministry here on Saturday urged the U.S. side to stop close-in surveillance of China, and create a sound atmosphere for bilateral military ties.

The ministry spokesman Yang Yujun said in a statement that one U.S. anti-submarine plane and one patrol aircraft flew to an airspace about 220 kilometers east of China’s Hainan Island to conduct close-in surveillance Tuesday morning, and then a Chinese fighter jet took off to make regular identification and verification.

Commenting on relevant criticism made by the U.S. side, Yang said that was “totally groundless,” as the Chinese pilot, with professional operation, kept the jet within a safe distance from the U.S. aircraft.

It was U.S. massive and frequent close-in surveillance of China that endanger the two sides’ air and marine security, and is the root of accidents, he said.

China urged the U.S. side to abide by international law and international practice, respect concerns of the coastal countries, and properly deal with the differences between the two sides on air and marine security issues, he said.

Yang said that the U.S. side should follow the principle of non-conflict, non-confrontation, mutual respect and win-win cooperation, take concrete actions, reduce and finally stop close-in surveillance of China, so as to create a sound atmosphere for bilateral military ties.

Turkey: ‘We’re ready to increase food exports to Russia’

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As Moscow banned food imports from the West, Turkey voiced its readiness to increase its exports of agricultural products to Russia, Turkish economy minister has said.

“Turkey is a major supplier of food and agricultural produce to Russia. It is ready to increase its food exports to Russia if necessary,” Turkish Economy Minister Nihat Zeybekci said in an interview with Itar-Tass.

The two countries have recently reached an agreement to increase the number of Turkish food suppliers to Russia. A delegation from Russia’s agricultural watchdog, Rosselkhoznadzor (the Federal Service for Veterinary and Phyto-Sanitary Control), visited Ankara for negotiations in the search for alternative food supply sources following the sanctions imposed on Russia by the EU, Russia’s top food supplier, the US, the EU, Australia and Canada.

To reciprocate, on August 6 Russia introduced a full ban for imports of beef and pork (fresh, chilled, refrigerated, pickled, dried or smoked meat), poultry and any poultry edible products, fish, cheese, milk, dairy products, vegetables, including root vegetables and tuber crops, and fruit from Australia, Canada, the EU, the US and Norway.

Moscow is now set to ensure country’s food supply security by finding new suppliers in countries that have not joined the sanctions against Russia. Some of the country’s closest neighbors, China and Turkey, have been among the first candidates for a lucrative offer to extend their share of the Russia market.

Reuters / Alessandro GarofaloReuters / Alessandro Garofalo

Turkish food suppliers would do their best to ensure sufficient good quality, inexpensive food products to Russia to replace European food supplies, the Turkish minister said.

Last year, Turkey’s agricultural export to Russia reached $1.18 billion, with fruits and vegetables making up nearly 75 percent ($877 million) of the total turnover. In 2014, Turkish agricultural exports to Russia have so far totaled $409 million.

Zeybekci said that Turkey exported $17 billion worth of agricultural products in 2013, of which fresh fruit and vegetables accounted for less than 14 percent ($2.3 billion). Russia bought 6.9 percent of Turkey’s global exports of agricultural products.

Reuters / Umit BektasReuters / Umit Bektas

The head of the Russian agricultural watchdog Rosselkhoznadzor, Sergey Dankvert, announced on Thursday that his agency has held talks with 16 countries as alternative supply sources for the Russian food market. Moscow has been talking to Argentina, Belarus, Brazil, Chile, China, Colombia, Ecuador, Kyrgyzstan, Mauritius, Mexico, Mozambique, Paraguay, Peru, Sri Lanka, Turkey and Uruguay to replace American, Australian, Canadian and European food suppliers.

The EU Council has already demanded that third countries not to take advantage of the new trade opportunities brought by the conflict between Russia and western states, and to resist seeking to replace European food on the Russian market, in what it is claiming is a move to promote international unity and compliance with international law.

The European Commission is now assessing the losses from Russia’s countersanctions in anticipation of a special meeting of 28 EU agriculture ministers to be held in September to discuss possible countermeasures.

Moscow has been warning Western countries for months that sanctions are counterproductive, and has said it will first and foremost strike back against countries imposing them.

According to Russian customs data, Western imports now affected by sanctions totaled $9.1 billion in 2013. The EU, with its $6.5 billion worth of now-sanctioned products, would suffer the most, with non-EU member Norway following, with $1.2 billion worth of mostly fish products. The other countries that joined the sanctions would lose less, as the US has a $843.8 million food trade turnover with Russia. Canada’s bilateral trade is $373.6 million and Australian agricultural exports to Russia were estimated at $182 million.

John Lewis Calls On Obama To Declare Martial Law In Ferguson, Mo. [VIDEO]

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Rachel Stoltzfoos
Reporter

Georgia Rep. John Lewis has called on President Obama to declare martial law in Ferguson, Mo.

The congressman made the public call Thursday afternoon as protesters continue to clash with police in Ferguson after a cop shot and killed unarmed black teen Michael Brown Saturday night. (RELATED: Is This America? Stunning Photos From Violent Protests In Ferguson, Mo.)

“People have a right to protest,” Lewis said on MSNBC. “They have a right to dissent. They have a right to march in an orderly, peaceful, non-violent fashion. And the press has a right to cover it. Ferguson, Mo. is not the Congo. It is not China. It is not Russia. We can do better.”

“President Obama should use the authority of his office to declare martial law,” he continued. “Federalize the Missouri National Guard to protect people as they protest.”

Read more: http://dailycaller.com/2014/08/14/john-lewis-calls-on-obama-to-declare-martial-law-in-ferguson-missouri/#ixzz3APEPb27D