Putin told a televised government meeting that Asia could take more Russian gas to compensate for the loss of European business.He also warned that European countries would struggle to wean their economies off of Gazprom's supplies entirely.
- What's astonishing is that the so-called partners from unfriendly countries concede themselves that they won't be able to make do without Russian energy resources, including without natural gas, for example
The Chinese oil & gas company had previously felt it could source enough gas in LNG form, and on a more flexible basis than piped imports.
China's hand is expected to be further strengthened as Moscow is increasingly isolated over its actions in Ukraine, but Russia also has LNG contracts to supply India and other east Asian economies. It also delivers modest gas quantities to central Asia.
Author: Callum Cyrus