Friday, November 30, 2012

Former Enemies Japan and Russia to Trade LNG?

On the surface of it, Russia, the world’s second leading hydrocarbon exporter and Japan, Asia’s second leading energy importer, seem a business arrangement made in heaven.
Except for one small historical detail – World War Two. On 8 August, two days after the U.S. dropped an atomic bomb on Hiroshima and the day before the U.S. dropped a second on Nagasaki, the USSR abandoned its neutrality treaty with Japan signed in April 1941, and in a lightning campaign lasting less than a month, overwhelmed Japanese Kwantung Army military forces in Manchuria and took the Kurile islands into the bargain.

Read more: http://oilprice.com/Energy/Natural-Gas/Former-Enemies-Japan-and-Russia-to-Trade-LNG.html

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