Saturday, January 17, 2009

Russia in Latin America



So the Russian pitch to Argentine president Kirchner is that Russia is in a position to help develop the energy infrastructure of South America. Gazprom can help develop Bolivia's natural gas reserves and Bolivia, Venezuela and Argentina can work with Russia to construct a continental gas pipeline. Russia also would offer to develop the nuclear power industry in the region to assist in electricity production.

This all fits with an overall Russian strategy of wanting not only to develop and market Eurasian energy but to become a global middleman for energy in general.

The plans are ambitious; whether they move to the execution stage, however, remains to be seen.

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