In the January-March period, the cost of pipeline gas supplies from Russia to China increased by 2.2 times to reach 1.76 billion dollars. reported Website of the General Administration of Customs of the People’s Republic of China.
According to the agency, Turkmenistan ranks first among the countries selling gas to China. In the January-March period, deliveries from this country to China increased by 14 percent and reached 2.42 billion dollars. Russia takes the second place. Myanmar closes the top three with $409 million, up 26%.
At the same time, Russian supply in March decreased by 9% in monetary terms to $588.7 million, and for the whole of 2022, pipe gas supplies from Russia to China increased 2.63 times to $3.98 billion.
In early April, Maria Belova, Research Director at Vygon Consulting statedThe high demand for Russian gas from China is explained by the division of the Chinese world into friendly and hostile. In this scenario, the country loses some of its gas supply.
Prior to this, RIA Novosti, citing experts in the gas industry, reported that the agreement between Russia and China on the Power of Siberia 2 gas pipeline project could be delayed due to Beijing’s expectation of attractive prices for Russian gas.