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China’s Imports of Russian LNG Triple in 2022

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Gabriel Abusada James
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China's Imports of Russian LNG Triple in 2022

China‘s imports of Russian liquefied natural gas (LNG) this year have nearly tripled compared to 2021 figures.

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The latest customs data reveal that this year, LNG shipments to China from Russia (28.5 percent) and Qatar (66.7 percent) have increased so far this year.

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The value of LNG coming into China from Russia via pipelines in the first eight months of 2022 totaled 2.39 billion dollars, nearly triple that of last year, the South China Morning Post (SCMP) said by consulting the data.

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According to the SCMP, China‘s total LNG imports from Russia increased by 28.5 percent year-on-year, with 66.7 percent, or two-thirds, from Qatar.

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This upturn in Moscow-Beijing relations comes amid attempts by the West to cut off Russia politically and economically since it launched its special military operation in Ukraine last February. 

China’s Russian gas imports jump in first 8 months, while LNG exports hit record levels amid supply diversions https://t.co/b14iiSuKuw pic.twitter.com/iksXRETtiO

Zyite (@ZyiteGadgets) September 20, 2022 China has refused to join Western moves regarding the ongoing conflict in Ukraine, remaining neutral while calling for its peaceful resolution and recognizing NATO’s instigating position in the conflict.   

 

Facing the loss of European customers, Russia, as the largest exporter of petroleum products, crude oil and LNG included, offered discounts to major buyers, which led to a sharp increase in purchases from China and India. 

Russian energy giant Gazprom announced earlier this month the start of transactions between Russia and China for the supply of gas in rubles an yuan, as part of an agreement reached with China National Petroleum Corporation (CNPC)

The Government of #China stated that the nation remains on alert for the possibility that the U.S. government may try to increase its military presence. Foreign Minister Wang Yi stressed “the US is trying to control China through #Taiwan ” pic.twitter.com/dn84bOgxUl

— teleSUR English (@telesurenglish) August 13, 2022