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    Business Insider: Gazprom's Colossal Deal With China Is Already Looking Like a Terrible Move for Russia

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Summary

Despite its initial excitement for an export pipeline to China, Gazprom is facing delays that mean exports will not start until at least mid-2019

by: Erica Mills

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Business Insider: Gazprom's Colossal Deal With China Is Already Looking Like a Terrible Move for Russia

There was a lot of excitement in the industry when the Russian energy giant Gazprom announced a mammoth $400 billion (£256 billion), 30-year export deal to China in May 2014, but the agreement is now coming under extreme pressure on numerous fronts.

Morgan Stanley analysts on Monday morning suggested that construction of the necessary pipeline would be delayed by at least six months, taking the initial exports to mid-2019 at the earliest.

Read the full article HERE.

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