AS EUROPE EMBRACES ENERGY CONSERVATION, MOSCOW LOOKS TO ASIA'S GROWING DEMAND
Russia has reiterated plans to diversify its oil and natural gas exports with a growing focus on the Asia-Pacific region. In the near future, the main instrument of the Kremlin's strategy to re-orient hydrocarbon exports from Europe to Asia remains the planned oil pipeline from eastern Siberia to the Pacific Ocean.
Moscow is planning to boost oil and gas exports eastward, Industry and Energy Minister Viktor Khristenko recently told the official Rossiiskaya gazeta daily. Russia is to deliver up to one-third of its total oil exports to the Asia-Pacific region by the year 2020, compared to a mere 3% now, he said.
( Full story here )
Moscow is planning to boost oil and gas exports eastward, Industry and Energy Minister Viktor Khristenko recently told the official Rossiiskaya gazeta daily. Russia is to deliver up to one-third of its total oil exports to the Asia-Pacific region by the year 2020, compared to a mere 3% now, he said.
( Full story here )
posted by Oil Shock at 2/28/2006 07:14:00 PM
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