Friday, July 18, 2008

Russia's energy drive leaves US reeling


President Dmitry Medvedev is pursuing Russia's energy diplomacy with a vengeance. As a former head of Gazprom he is balancing the energy giant's oil export strategy between Europe and Asia-Pacific, and, significantly, has secured the right for Gazprom to handle the entire output of Libya's gas, oil and liquefied natural gas. Medvedev has also revived with Iran the idea of a "gas cartel". Ferocious rivalries over energy security will rock the foundations of overall United States-Russia relations. - M K Bhadrakumar

Asia Times

No comments: