Russia expanding strategic oil-gas capacity; Biden govt plans $715 bn defense budget to deter China
Russia expanding it’s strategic oil & gas capacity Russia’s energy major, ‘Novatek’, has agreed to a long-term supply of LNG from the Arctic to China. Russia has further said that it will increase supplies of LNG to China over the next few years. Novatek is planning to build three LNG liquefaction trains, with each having 6.6 million tons capacity per annum. It will increase Novatek’s total LNG capacity by