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Russia clinches deal on new Caspian gas pipeline

The leaders of Russia, Turkmenistan and Kazakhstan agreed on Saturday to build a new natural gas pipeline around the Caspian Sea, a move that maintains Russia’s dominant role as regional gas broker. Few details about the pipeline were given but the deal, the centerpiece of a six-day trip to Central Asia by Russian President Vladimir Putin, appears to be a blow to U.S., European and Chinese hopes of gaining direct access to Turkmen gas. Russian Energy Minister Viktor Khristenko confirmed the new pipeline along the Caspian coast would flow to Russia. Full Story