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Russia's energy trade with China to quadruple by 2025

The value of Russia's energy trade with China could quadruple by 2025, according to a new study

The report from consultancy Wood Mackenzie, Russia's pivot east: the growth in energy trade with China, said Russo-Sino energy deals could top 100 million tonnes of oil equivalent (toe) by 2025. Russia's focus on developing its East Siberian reserves, falling European gas demand and China's soaring energy consumption over the past decade will drive greater Russo-Sino energy cooperation, Wood Mackenzie said. As oil output in its West Siberian fields declines Russia is focussing on developing resources in sparsely populated East Siberia, where the production will be closer to energy-hungry Asian markets. Wood Mackenzie said it expects China's total oil imports will overtake the US by 2017 a

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