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US seeks to limit Gazprom hold on Europe

The Bush administration is seeking to curb Moscow’s influence in the Caucasus and central Asia and weaken Gazprom’s growing hold over gas supplies to Europe with an effort to promote new oil and gas corridors that would bypass Russia and exclude Iran.

But analysts are concerned that an overall hardening of US policy towards Moscow could drive Russia and Iran, which together hold nearly half the world’s gas reserves, into an energy-based alliance.

The stage is set for a bidding war between Russia, China and western energy companies over central Asian oil and gas.

Financial Times

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