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    Chicago Tribune: Seeking China Gas Sales, Putin May Be Stuck With Europe

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Summary

Analysts from Bloomberg say that, though Russian President Putin is heavily courting Asia for gas, the continent won't be Russia's biggest buyer for a decade

by: Erica Mills

Posted in:

Press Notes

Chicago Tribune: Seeking China Gas Sales, Putin May Be Stuck With Europe

Russian President Vladimir Putin may flirt all he wants with China but he'll probably have to play nice with Europe and wait at least a decade until Asia becomes his biggest gas buyer.

Putin's desire to replace Germany after a relationship lasting almost half a century has been stunted by slowing Chinese growth and will only be realized after 2025, according to the median of 14 analysts surveyed by Bloomberg News. Political tensions between Russia and Europe, which gets about 30 percent of its gas from the former-Soviet nation, will do little to affect the interdependence, they said.

Read the full article HERE.