Even before the war in Ukraine, it was Putin’s intention to direct much of the gas that came from Russia’s northern and Arctic fields to China.
With the new Kovykta gas field, Russia looks to pivot to Asia for long-term gas sales.Following the sudden drop in gas exports to Europe, Russia is prioritizing the development of oil and gas assets in the Far-East.
It is not just size that matters, but what you do with it that counts, of course, and what Russia will do with this huge quantity of new gas is to send it to China – hence Putin’s personal monitoring that the timetable for the Kovykta gas field project remains on track. Even before Europe surprised Putin by not doing what he expected after the invasion of Ukraine in February – he thought Europe would largely keep buying Russian gas and oil supplies, despite U.S.
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