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Page added on February 27, 2007

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Japan and Russia Agree To Increase Energy Relations

Japan and Russia have pledged to strengthen reciprocal relations in oil and natural gas development and increase trade at a ministerial meeting in Tokyo.

Japan, which imports 89 percent of its oil from the Middle East, is increasing its reliance on Russian energy assets such as oil, gas and uranium enrichment processes to strengthen its supply security. That contrasts with Europe, Russia’s largest energy market, where nations have discussed cutting reliance on Russian oil and gas after a series of supply disruptions.
St. Petersburg Times



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