In2022, Russia became one oftheleaders inoil exports toChina
In 2022, Russia was the fourth interms ofLNG supplies toChina, Russian President Vladimir Putin said during the talks with President ofthePeople’s Republic ofChina Xi Jinping, via videoconference. The meeting transcript is available on the Kremlin website.
“Energy supplies have reached unprecedented levels, andjoint projects are underway toadd capacity inhydrocarbons production andrefining. In2022, Russia became one oftheleaders inoil exports toChina. Also, Russia holds second place interms ofpipeline gas supplies toChina, andfourth interms ofLNG exports,” said Vladimir Putin.
According to the Russian President, the countries’ mutual trade increased byabout 25 percent in 2022. “If this trend continues, we will be able toachieve thetarget of$200 billion set by2024 ahead ofschedule,” he said adding that asignificant increase intrade inagricultural produce was registered: inJanuary-November, it rose by 36 percent to$6 billion.
Key suppliers of LNG to China are Australia, Malaysia, Indonesia, USA, Qatar and Russia. In January-November 2022, China’s imports of LNG totaled 56.88 million tonnes, 20% less, year-on-year.
