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Page added on October 24, 2006

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Russian energy roulette spooks Japanese

The imbroglio over the huge Sakhalin-2 oil-and-gas project in Russia’s Far East involving two Japanese firms has cast a cloud over resource-poor Japan’s new national energy strategy. It has also served as a fresh reminder that Japan’s economic power seems to have lost much of its luster, at least in the eyes of the Russians.

In yet another blow to Japan’s energy security, exports of natural gas from Sakhalin-1 could all go to China.
Asia Times



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