Pipeline gas supplies from Russia to China in January-August 2021 increased 2.7 times year-on-year and reached 4.73 million tonnes, RT reports. According to the Russian state energy company Gazprom, the demand for gas in China has “tremendous” growth potential.
It is reported that in the first eight months of this year, China spent about $837.32 million on Russian gas, which is 98.94 per cent more compared to the corresponding period last year, which follows from the message provided by the General Customs Administration of China on Monday.
Thus, Turkmenistan continues to be the largest supplier of natural gas to China, having delivered 15.95 million tonnes of gas worth $4.2 billion this year. Russia is in second place in terms of supplies, followed by Kazakhstan with 3.17 million tonnes for $723 million, and Myanmar with 2.01 million tonnes for $922 million.
It is also specified that the leading supplier of liquefied natural gas (LNG) in China in January-August was Australia (20.52 million tonnes worth $8.47 billion), followed by Qatar, Malaysia, and the United States. Russia ranked sixth in this list with 2.67 million tonnes worth $1.23 billion.
In addition, China imported Russian oil worth $25.1 billion in January-August 2021, which is 30.4 per cent more compared to the same period last year. So, Russia retains its position as the second largest supplier of oil to China after Saudi Arabia, which sold 58.49 million tonnes to the country in January-August for $27.26 billion.