Without too much fanfare Russia have just completed a very ambitious pipeline to East Asia. This has an impact on the EU as it signals Russia’s new world view which has a Pacific focus. The 21st Century may be the Pacific Century and the USA and China are always mentioned, but everyone seems to forget Russia and her vast Pacific coastline.
Russian President Vladimir Putin commissioned the pipeline Tuesday with the completion of the 4,740 km-long (2,945 miles) East Siberia - Pacific Ocean (ESPO) section, which runs between the Siberian city of Skovorodino and the Pacific port of Kosmino.
The new section will "considerably increase the infrastructure capacity of the regions in Russia's far east," said Putin in a televised address. He called the commissioning a "significant event." The $25 billion (around 20 billion euros) pipeline carries some 30 million tons of oil annually, and is set to raise its output to 50 million tons per year.
Source: The Local (Germany)
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