China's demand for gas to drive Russian exports

Russian LNG exporters are optimistic that China will tap into their resources.

China and the rest of emerging Asia need energy resources to fuel their rapid growth. Increasingly, too, they are targeting cleaner energy. According to most of the participants in a discussion at Troika Dialog’s Russia Forum, held in Moscow last week, Russia can be a major supplier of a precious commodity that will suit them well -- gas.

Fatih Birol, chief economist at the International Energy Agency, pointed out that by the end of 2011, the liquid natural gas LNG import capacity of China and India will be the same as that of Western Europe. Yet, both nations only started importing LNG in a serious way five years ago.

Russian energy company...

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