Movers & Shakers: Russian Investment Conglomerate Volga Group Looks Towards China

Cylinders of Liquified petroleum gas

Cylinders of Liquified petroleum gas (Photo credit: Wikipedia)

Russian investment conglomerate Volga Group believes that Russian energy companies can benefit from working with Chinese firms, and calls on Russia to be open to Chinese investment in return.

China will become the world’s largest consumer of LPG and therefore, switching from coal to gas is a strategic task for the country. Other investment plans of the Volga Group in the near future includes plans to build a short stretch of railway in China, stretching from the Tuva region, where there are large reserves of coal and many other resources, through Mongolia and into China. The Volga Group currently employ more than 100,000 people across Russia.









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