This is being done in anticipation of the traditional period of price increases that occur in summer. Not only local gas operators, but also Chinese energy giants such as Sinopec and PetroChina are interested in LNG sellers from Russia offering substantial discounts.
Negotiations are mostly conducted bilaterally without tenders, so as not to attract the attention of the “world public,” Bloomberg reported.
China is buying Russian LNG in droves. Photo: Yandex Images Recently,
most Russian energy importers have paused, unlike Chinese business, which is one of the few that can show political will and is willing to cooperate with Russia
Recently it became known about Beijing’s activity in buying Russian oil on a par with India. According to the research company Rystad Energy, daily oil exports from Russia by “gray” schemes can reach up to 1.2 to 1.5 million barrels.