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 1
st 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 m
3 have been delivered over the past 4 months.
Russia exported 16.5 billion m
3 (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.
