Putin invites Japan and India to the Far East Arctic energy market

Considering the continuation of sanctions by the U.S. government and the European Union (EU) against the Russian Federation, President Vladimir Putin pursues a foreign policy oriented towards Asia with, as main goals, to sustain energy exports and to increase the opportunities for the national economy.

In addition to a strategic rapprochement patiently built with China in the past two decades, the Russian government is also seeking to get closer to India and Japan, the other two major economies of the Asian continent anxious not to leave “the Russian opportunity” to the seemingly insatiable appetite of China.

It was in Vladivostok, at the Eastern Economic Forum, that Putin received his counterparts Narendra Modi and Shinzo Abe to praise the benefits of a vast energy project in the Arctic and whose natural gas production is primarily aimed at Asian markets for exports.

Led by the Russian company Novatek in partnership with French Total, Chinese CNPC and CNOOC and Japanese Mitsui & Co. and JOGMEC, the group hopes to launch exports from the Gydan Peninsula by 2023.

In addition to territorial disputes which persist in particular on the Kuril Islands between Moscow and Tokyo, Abe as Modi responded positively to the solicitations of Putin by indicating their wish to create “a great connection” for the former and to “walk hand in hand” for the latter.