Putin Says Russia Now One of China's Leading Oil and Gas Suppliers
(Reuters) — Russian President Vladimir Putin said on Friday that Russia had become one of China's leading suppliers of oil and gas, with 13.8 billion cubic meters of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
In remarks at the start of a video conference with Chinese President Xi Jinping, Putin said: "According to the results of this year, Russia has become one of the leaders in oil exports to China."
Russia overtook Saudi Arabia as China's top crude supplier last month.
Putin added that Russia was China's second largest supplier of pipeline gas and fourth largest of LNG. He said that in December, shipments had been 18% above daily contractual obligations.
Russian energy exports to China have risen markedly since Moscow sent its armed forces into Ukraine on Feb. 24, after which Western countries imposed unprecedented sanctions on Russia.
Deputy Prime Minister Alexander Novak said on Nov. 29 that Russia's energy exports to China had increased in value by 64% this year, and by 10% in volume.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- TC Energy’s North Baja Pipeline Expansion Brings Mexico Closer to LNG Exports
Comments