Putin, Xi Jinping sign second mega gas deal on new gas supply route

President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas.

Russia’s so-called “western” or “Altay” route would supply 30 billion cubic meters (bcm) of gas a year to China.

The new supply line comes in addition to the “eastern” route, through the “Power of Siberia” pipeline, which will annually deliver 38 bcm of gas to China. Work on that pipeline route has already begun after a $400 billion deal was clinched in May.

“After we have launched supplies via the “western route,” the volume of gas deliveries to China can exceed the current volumes of export to Europe,” Gazprom CEO Aleksey Miller told reporters, commenting on the deal.

Speaking to journalists on the eve of his visit to Beijing, Putin was optimistic about prospects for the new gas deal with China.

“We have reached an understanding in principle concerning the opening of the western route,” Putin said. “We have already agreed on many technical and commercial aspects of this project, laying a good basis for reaching final arrangements.”

The “western” route deal is one of the 17 agreements signed at the Sunday meeting between Putin and Xi.

Read more » RT
http://rt.com/business/203679-china-russia-gas-deal/

Police, armed forces carry house-to-house search operation in Sindhi settlements of Karachi, abduct two Sindhi nationalists

Police and armed forces carried house to house search operation in the Sindhi settlements of Karachi and abducted Mithal Mallah an activist of Jeay Sindh Mahaz (JSM). On the other hand police also arrested Jeay Sindh Qomi Mahaz (JSQM) activist Jalil Mugheri from Karachi. Protests were  held in Malir district of Karachi and a sit-in was given at highway against the abduction and detention of activists. JSQM leader Mumtaz Brohi demands United Nation for taking notice of the human rights violation News

Courtesy: Rights and Movement + Sindhi Newspapers.
http://rightsupdate.blogspot.in/2014/11/police-armed-forces-carry-house-to.html

Pakistan wins $42b Chinese investment

Pakistan, China sign 19 agreements, MoUs relating to China-Pakistan Economic Corridor and electricity generation New pacts pave way for Chinese state-owned companies to help build at least four new power stations in Pakistan Chinese president, PM Sharif say Pakistan-China are ‘iron friends’, aim to create green channel for release of funds for development projects in Pakistan PM assures crackdown on terrorist forces such as the East Turkistan Islamic Movement and maintaining regional stability    China on Saturday promised Pakistan investments worth $42 billion, an official said, as Islamabad promised to help Beijing fight what it calls a terrorist threat in its far-west.  Prime Minister Nawaz Sharif oversaw the signing of 19 agreements and memorandums mostly centred on the energy sector as he met Chinese President Xi Jinping at the Great Hall of the People during his three-day visit to Beijing to discuss bilateral relations and the regional situation in Beijing.

Read more » Pakistan Today
http://www.pakistantoday.com.pk/2014/11/08/national/pakistan-wins-42b-chinese-investment/