Why Chinese Imports Of U.S. LNG Collapsed

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Commodity

LNG

Writer

IPG Staff2

LNG · 27 June, 2022

Why Chinese Imports Of U.S. LNG Collapsed

Russia could become too dependent on China for its gas sales.

Commodity

LNG

Writer

IPG Staff2

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The European gas market remains far bigger and far
more lucrative, says Nikos Tsafos, the James R. Schlesinger Chair in Energy and
Geopolitics at the Energy Security and Climate Change Program at the Center for
Strategic and International Studies (CSIS). 

 

“Russia could eventually build a sizable business
geared toward Asian markets, but the shift will be neither immediate nor easy,
and it will depend critically on foreign partners, including China,” Tsafos
wrote in an analysis last month.

 

“To secure a contract with China, Russia had to
offer a bargain deal: China pays far less for Russian gas than Europe does,” he
added.










 By Tsvetana Paraskova / Jun 25, 2022, 6:00 PM