CENTRAL ASIAN OIL AND GAS-1 - China competing with Russia for Central Asian investments

Central Asia has traditionally fallen within Russia’s sphere of influence, but as China seeks oil and gas to fuel its energy-hungry economy the growing level of Chinese energy investment in Central Asia is challenging Russia’s economic dominance in the region.A worldwide search for oil and gas reserves has returned to China’s own neighborhood, with Chinese oil companies stepping up their involvement in Central Asia in 2005.China’s increasing attention to Central Asia has the potential to threaten Russian preeminence in its “near abroad,” but Russian oil and gas companies are responding to the challenge by increasing their own investments in Central Asia...

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