Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russia and Japan in Agreement on Natural Gas Deal
VLADIVOSTOK, Russia — Gazprom, Russia’s state-controlled gas monopoly, signed an accord on Saturday with the government of Japan to move forward with plans for the construction of a $13 billion natural gas terminal here that would propel the Kremlin’s ambitions to multiply its business and trade ties in the Far East.
...
Gazprom already sells natural gas to Japan, but another major deal would further reduce Russia’s reliance on Europe as its primary market.
In a statement, Mr. Miller said that the Asia-Pacific market was “the most capacious in the world” and that within the next few years, sales by Gazprom to Asia would exceed its sales in Europe, where the company fills roughly a quarter of the Continent’s demand.
http://www.nytimes.com/2012/09/09/world/europe/russia-and-japan-move-forward-on-natural-gas-deal.html?_r=1
...
Gazprom already sells natural gas to Japan, but another major deal would further reduce Russia’s reliance on Europe as its primary market.
In a statement, Mr. Miller said that the Asia-Pacific market was “the most capacious in the world” and that within the next few years, sales by Gazprom to Asia would exceed its sales in Europe, where the company fills roughly a quarter of the Continent’s demand.
http://www.nytimes.com/2012/09/09/world/europe/russia-and-japan-move-forward-on-natural-gas-deal.html?_r=1