NUMBER OF THE DAY
This is how much pipeline gas China has imported so far this year, pushing Germany (<71 bcm) off the top spot among the world’s gas importers.
🇷🇺 Russia deal: New agreements – including Power of Siberia 2 – strengthen the Moscow–Beijing energy partnership, while Europe increasingly turns to higher-priced LNG.
📊 Global dynamics: By 2024, China was already importing 70 bcm of pipeline gas alongside 105 bcm of LNG, highlighting its steady diversification of supply sources.
Watch: The war in Ukraine has reshaped the global gas market. Europe secures energy through LNG at higher costs, while China benefits from discounted Russian deliveries.
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