Russia increases gas exports to China

2 mins read

Russian energy giant Gazprom said on its official Telegram channel on Monday that this year, Russia has boosted natural gas supply to China through the Power of Siberia pipeline.

Deliveries increased 60.9 percent over the same time in the previous year.

In particular, in July deliveries were regularly in excess of the daily contract quantities, with the historical record of the daily export volume being surpassed three times,” Gazprom said.

Meanwhile, Gazprom’s export to non-CIS countries amounted to 75.3 billion cubic meters, which is 34.7% (40 billion cubic meters) less than during the same period in 2021. The company stressed, however, that it was supplying gas “in accordance with customer requests.”

According to preliminary statistics, the world’s demand for Gazprom’s supply decreased by around 35 billion cubic meters during the first seven months of 2022 compared to the same time in 2021. According to Gazprom, EU consumers were mostly responsible for the reduction, which totaled 31 billion cubic meters. This is because of a number of things, such as the Ukrainian crisis, EU sanctions, Russian countersanctions, and the EU’s new strategy to lessen its dependency on Russian energy.

The Asia-Pacific nations are supplied with natural gas through the Power of Siberia pipeline from Yakutia in Russia. The China National Petroleum Corporation (CNPC), which provides China with Russian energy under a 30-year deal inked in 2014, and Gazprom are working together on this project.


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