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Russia Races To Squeeze The U.S. Out Of Asian Natural Gas Markets



The increasingly close relationship on multiple levels between Russia and China became obvious to anyone with an interest in such matters last July when the two countries staged their first joint air patrol in the Asia-Pacific region, sending the air and naval defences of the principal U.S. satellite countries in the area – Japan, South Korea, and the Philippines – into panic mode. At the same time, the two countries continue to push ahead with their game-changing US$400 billion ‘Power of Siberia’ gas project that will move at least 38 billion cubic metres of gas annually for 30 years from the Chayandinskoye and Kovyktinskoye fields in Eastern Siberia to Northeastern China. Last week saw major announcements from Russia that now that China is apparently past the peak of its coronavirus outbreak, plans for the project are moving quickly ahead and are being expanded in scope and scale.


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