Putin announced Russia’s readiness to increase uninterrupted oil supplies to China
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Russia is ready to increase uninterrupted oil supplies to China. This statement was made by Russian President Vladimir Putin following talks with Chinese President Xi Jinping.
“China has become a leader in Russian oil imports, while Russia is ready to increase uninterrupted oil supplies for the needs of the Chinese economy,” he said (quote according to TASS).
According to Putin, during today’s meeting, the leaders of the two countries also discussed in detail the Power of Siberia-2 gas pipeline project. During extended negotiations between the delegations of the Russian Federation and China, he noted that “almost all” parameters for the project were agreed upon. According to the Russian leader, by 2030 the total volume of gas supplies to China will be at least 98 billion cubic meters. m, as well as 100 million tons of liquefied natural gas (LNG).
By data customs of China, according to the results of 2022, Russia took the second place in oil supplies to China, losing the first place to Saudi Arabia. Last year, Russia supplied China with 86.25 million tons of oil, or 1.72 million barrels per day, which is 8.3% more than in 2021. Russia also increased LNG exports by 43.9% to 6.5 million tons .
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