Russia became China’s largest gas supplier in January
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At the end of January 2023, Russia came out on top in terms of natural gas supplies to China, overtaking Turkmenistan and Qatar. About it writes Interfax, citing Chinese customs data.
It is clarified that we are talking about gas supplies both through the gas pipeline and in liquefied form. In total, Russia supplied over 2.7 billion cubic meters to China. m of gas, of which 2 billion were supplied through the Power of Siberia, LNG accounted for about 0.77 billion. For comparison, Qatar and Turkmenistan supplied China with a total of 2.2 billion, and Australia – 1.9 billion.
In just a year, China increased gas imports by 1%, to 11.3 billion cubic meters. m. At the same time, the volume of LNG imports increased significantly – by 7%, to 0.5 billion cubic meters. m of gas, this happened for the first time after 13 months of decline.
In the middle of FebruaryGazprom» informedthat Russia could become the largest supplier of gas to China in the near future. Then in the company remindedthat in February 2022, Gazprom signed a second long-term gas purchase and sale agreement with China. Thus, along the “Far East” route, gas supplies to China will amount to 10 billion cubic meters. m per year, now infrastructure is being designed. Also, Gazprom leads negotiations on the supply of 50 billion cubic meters. m of gas to China through Mongolia, the design of the gas pipeline is already underway.
In 2022, Russia delivered a record 15.5 billion cubic meters to China via the Power of Siberia gas pipeline. m of gas, exports increased by 49% compared to 2021, Deputy Prime Minister Alexander Novak said. Deliveries through the Power of Siberia began in 2019, within five years the volume of exports should grow to 38 billion cubic meters. m per year. After the Far East route reaches full capacity, volumes will increase to 48 billion cubic meters. m per year. And taking into account the supply of 50 billion cubic meters. m of gas to China through Mongolia, the volume of Russian gas exports will amount to almost 100 billion cubic meters. m.
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