According to reports, the value of Russia’s pipeline gas exports to China in the January-October period of this year amounted to 5.36 billion dollars TASS Based on data from China Customs Administration.
This is 73% more than the same period last year, according to Chinese customs data.
China also purchases pipeline gas from Turkmenistan, Myanmar, Kazakhstan and Uzbekistan, according to the publication. However, the largest volume was from Turkmenistan with 8.07 billion dollars during the 10 months of 2023. Overall, China imported 96.51 million tons of natural gas, an increase of 8.8% compared to the previous year. Domestic gas production in China increased by 6.1%, reaching 170.64 million tons.
Gazprom President Alexey Miller stated About plans to further increase gas exports to China. According to him, in 2022, the company’s supply accounted for 50% of the increase in China’s pipeline gas imports.
Previously Gazprom said About plans for a complete takedown of “The Power of Siberia.”
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.