RUSSIA’S ROLE IN EAST ASIAN ENERGY MARKETS IS LIKELY TO INCREASE IN THE FORESEEABLE FUTURE. HERE IS WHY.
When it comes to energy consumption, East Asian nations are growing by leaps and bounds. This is new, but not unprecedented, as we have seen similar developments during the industrial revolution that engulfed Western Europe in the late 19th century. Its scale puts Europe’s industrial revolution in second place, partly because East Asia can leverage its existing business relations with other industrialized nations around the world.
The story of the industrial revolution is the story of great inventions, and further details how new technologies were put to work at the beginning of the 19th century. Sometimes it feels as if the focus is almost exclusively on these technical developments. If we take a closer look, we can see that it was a combination of different factors that eventually led to Europe’s rapid rise during that period. Energy was the underlying factor that fueled the rapid ascent of industry.
1. THE FIRST INDUSTRIAL REVOLUTION ILLUSTRATES THE TIGHT-KNIT RELATIONSHIP BETWEEN ENERGY AND INDUSTRY
4. Russia Has Become The Key Supplier Of Energy Commodities To East Asian Economies
6. Russia’s Huge Natural Gas Export Potential
7. Conclusion: Why Do Russia’s Energy Exports To East Asia Matter?
Many thanks for the shared interest in the energy world!