Will Putin Donate To Democrats?
US shale gas production may "seriously" restructure supply and demand in the global hydrocarbons market, Putin said yesterday (11 April) in his final address to the Russian Duma before he takes over as president on 7 May.
"Our country's energy companies absolutely have to be ready right now to meet this challenge," he said.
Putin said Russia must be prepared for "any external shocks" and "a new wave of technological change" that was "changing the configuration of global markets".
"I fully agree with the proposal of deputies that we need to create a better system for long-term macroeconomic, financial, technological and defence forecasting. This is especially important, given that the 21st century promises to be an epoch [of] new geopolitical, financial, economic, cultural and civilisation centres," he told Russia's lower house.