Russia enters LNG market in Asia
WASHINGTON, Feb. 25 (UPI) -- As the world lurches deeper into recession, the energy markets, especially oil, have been hit by falling prices. As the world retools for a more austere 21st century, one energy source that will continue to rise in prominence is natural gas. For the first time, Russia, currently the world's leading producer of natural gas, is now poised to enter the liquefied natural gas market, opening an LNG facility in Sakhalin. For Europeans worried about Russia's reliability as an exporter following its pricing dispute with Ukraine earlier this year, the good news is that its first project is directed at the Asian market.
JOHN C.K. DALY, UPI International Correspondent