While foreign ministers in Europe are preparing to begin discussions on the seventh package of the autodata, and the head of German energy giant RWE Markus Krebber speculates on the prospects of natural gas and electricity costs in Germany, cooperation between Russia and China continues to update records of joint economic interaction.
According to customs data from the Celestial Empire, Russia increased its oil supplies to China to a record level in May, Prime reported, citing Reuters.
Umba storage tanker. Photo: Yandex Images
Considering pipeline and sea shipments from European and Far Eastern ports, Russia was able to export more than 8.4 million tons of oil. This corresponds to about 2 million barrels of daily volume, which is almost a quarter higher than the April level of 1.6 million.
Russia took the first place by oil supplies to China, leaving behind Saudi Arabia, which managed to sell 7.8 million tons or 1.84 million of daily volume in this direction
Industry experts emphasize that state oil giants Sinopec and Zhenhua Oil are particularly interested in the substantial price discount offered by Russian suppliers.
Germany switches to coal
Europe meanwhile continues on the path of energy degradation and self-destruction. While waiting for Siemens to return its turbine from its Canadian partners, Germany is switching to coal.
Recently criticized by the Russian Federation for reducing gas supplies, German Economy Minister and Green Party member Robert Habek spoke about the need for the measure “to reduce consumption of the blue fuel”.
Last weekend, the German government had already announced a series of emergency changes to German legislation allowing the reactivation of coal-fired power plants.
The climate agenda remains out of the hands of the German authorities for an indefinite period of time. And given the fact that this year the Germans are also planning to decommission three nuclear power plants with a capacity of up to 4 GW, the future of energy security in Germany seems to be fun and interesting.