by JuanP » Thu 03 Dec 2020, 08:22:21
$this->bbcode_second_pass_quote('radon1', 'R')ussia is selling gas to China for pennies if not at loss, because China does not need that much gas. They already have supply from the Middle Asian stans and elsewhere. Meanwhile, Russia charges their own citizens at Far East a much greater price for NG than the Chinese just across the border. It is cheaper to buy liquid NG from the US in the Russian Far East than from the Russian domestic producers.
Meanwhile, the Western Europe pays the world market prices for the Russian NG which is a multiple of the Chinese prices. So no, let the Europeans buy all the NG that they want and then some.
Nonsense! Do you have any evidence at all to back such thoroughly unrealistic claims or are they just based on your wishful thinking and personal beliefs? I will add to Dissident's reply above.
"Beijing launches 1,100 km section of Russia-China natural gas pipeline"https://www.rt.com/business/508524-chin ... e-siberia/"According to the state-run China Oil & Gas Piping Network Corp (PipeChina), the 1,110km section of the pipeline will stimulate the development of the Beijing-Tianjin-Hebei region, the country’s main manufacturing area, by increasing gas supply by 27 million cubic meters per day."
"China started the construction of the southern section of the China-Russia East pipeline in July, extending the route to Shanghai in eastern China. The pipeline is projected to reach an annual capacity of 38 billion cubic meters when it is completed in 2025."
"Russia's natural gas supplies to China hit new record high"https://www.rt.com/business/507289-russ ... ies-china/"Russian energy major Gazprom pumped more gas to China than it had initially planned, boosting daily supplies by as much as 25 percent, according to the company’s data.
The average daily volume of Russian gas exports to its eastern neighbor exceeded the amounts agreed between the two sides last month and between November 1 and November 20, Gazprom revealed after talks with its key Chinese partner, the China National Petroleum Corporation (CNPC) on Friday. In addition to regular shipments, the daily supplies surged by a record 25 percent on November 12.
The previous record was set in October, when the Russian energy company exceeded the agreed amounts of gas exports by 20 percent."
"Russia is set to further increase the supplies of piped gas to China next year, including via the Power of Siberia link as well as the Power of Siberia 2 project, Gazprom said. The latter pipeline entered the design stage earlier this year, and will be capable of delivering as much as 50 billion cubic meters of gas once finished.
Gazprom says that it could boost the exports of natural gas by an additional six billion cubic meters via the 3,000-kilometer Power of Siberia pipeline. During the first eight month of 2020, Gazprom exported some 2.3 billion cubic meters of gas along the route."
"China believes natural gas demand will SOAR"https://www.rt.com/business/505016-chin ... mand-rise/"The Chinese economy has been the single largest contributor to global growth over the past several decades. Fossil fuel producers around the world closely watch Beijing, as the goals set by the Chinese government are usually fulfilled.
With that in mind, several recent policies have strengthened expectations of an increase in natural gas consumption. PetroChina, China’s largest natural gas supplier, has predicted that demand will double over the next 15 years to 620 bcm despite the effects of the pandemic and the rising importance of renewables."