Beijing has indicated that it will not join Western nations' sanctions against Russia over its invasion of Ukraine
Beijing, May 4 - Neftegaz.RU.
Russia's gas supplies
to China have soared by as much as 60 % in the 1st
4 months of 2022 compared to the same period last year.
Russian energy giant Gazprom announced the significant rise in exports on May 2, even as energy exports to Europe remain uncertain in light of the ongoing hostilities, and the tightening sanctions on Russia by the West.
The deliveries have been made through the Power of Siberia
pipeline as part of the contract between Gazprom and China National Petroleum Corporation (CNPC
), reported RT.
Beijing and Moscow
signed oil and gas deals in February worth an estimated $117.5 billion.
China has refrained from outrightly condemning the Russian invasion of Ukraine
, only urging for a diplomatic solution instead.
The energy standoff between Russia and the West has led to gas supplies to countries outside the former Soviet Union dropping by 26.9 % since the start of the year, the report said, adding that, a total of 50.1 billion m3
have been delivered over the past 4 months.
Russia exported 16.5 billion m3
(bcm) of gas to China
in 2021 via pipelines and in the form of LNG
There are plans to significantly increase pipeline capacity to almost 100 bcm and boost LNG sales too.