Putin Courting Chinese Gas Sales Stuck With EU for Decade
- Gazprom sales to China won't beat Germany's in next 10 years
- Russia's share of EU gas market to stay at 25-35% through 2025
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Russian President Vladimir Putin may flirt all he wants with China but he’ll probably have to play nice with Europe and wait at least a decade until Asia becomes his biggest natural gas buyer.
Putin’s desire to replace Germany after a relationship lasting almost half a century has been stunted by slowing Chinese growth and will only be realized after 2025, according to the median of 14 analysts surveyed by Bloomberg News. Political tensions between Russia and Europe, which gets about 30 percent of its gas from the former-Soviet nation, will do little to affect the interdependence, they said.