The growth of Russian gas supplies to China has become one of the main reasons why Chinese companies have reduced LNG imports and resell it to Europe. As a result, prices have dropped, and supplies are kept at a high level.
"LNG imports to China in 2025 are projected to decrease by 12%," Bloomberg reporter Stephen Stapzhinsky writes in X.
He cited Kpler data, according to which only in December Chinese companies purchased LNG more than a year earlier.
"Sustainable domestic production, increased supplies of Russian pipeline gas and high spot LNG prices contributed to a reduction in imports," the journalist writes.
He noted that Chinese companies resold supplies because prices abroad were better.
"Less LNG for China means more for Europe," Stephen Stapzhinsky added.
This year, deliveries via the Power of Siberia gas pipeline to China reached the contract level of 38 billion cubic meters. Moreover, the head of Gazprom said that in 2025 the plan will be exceeded by 800 million cubic meters. China itself is one of the largest importers of LNG and has signed large long-term contracts for American LNG.
Deceived with Europe: a rally of fishmongers is being held in Yerevan near the government building
Change of governments, Netanyahu genocide, "The Rock" and "La Scala": morning coffee with EADaily
The prosecutor's office demands to toughen the sentence of the top blogger who received a suspended sentence
Zhabogadyuking: Syrsky politely publicly whipped Fedorov
Z-public about Balitsky's report: We are waiting for him to personally lead the column on the P-280
Russians under 40 have become more likely to detect a "childhood disease"