LNG deliveries from Russia, which have peaked in the last two years, have helped China make good money by selling to Europe. About informs Bloomberg.
China actively imports Russian LNG to European countries. For the first time in two years, liquefied gas deliveries have reached a maximum, reaching nearly one billion cubic meters of gas. At the same time, the publication noted that in August alone, 10 tankers were sent from Russia to China.
Analysts think that gas from Russia goes to China’s domestic market. And now the country is selling other suppliers’ stocks at market prices that match other states. At the same time, China’s profit could be 100% and higher.
According to the publication, now China’s agreements with European countries are not only broken, but new ones have been made for a long time. At the same time, trade with China for the Sakhalin-2 project provides an opportunity to achieve new sales volumes against the backdrop of a difficult geopolitical situation.
Turkish edition of Yeni Şafak in early September reportedHe said the People’s Republic of China (PRC) has started selling Russian gas to European countries at a high margin, which is an indirect violation of the embargo. According to Chinese customs data, 2.35 million tons of fuel oil worth $2.16 billion was imported from Russia in the first six months of 2022.