Russia expects to increase its gas exports via pipelines by about a fifth this year. Additional deliveries to China should partially offset the loss of European customers.
Russian Deputy Prime Minister Alexander Novak said on Thursday that transporting gas via pipelines abroad will reach 108 billion cubic meters this year, compared to 91.4 billion cubic meters in 2023.
China has become the main foreign buyer of Russian gas since the Russian invasion of Ukraine in 2022, after which most shipments to Europe stopped. However, Russia expects to export much less gas than 185 billion cubic meters in 2021.
Since 2019, when the Siberian Energy Pipeline to China came into operation, Russian gas exports to China have gradually increased, reaching 22.7 billion cubic meters last year. In 2025, Russia wants to export almost twice this amount to China via this route: 38 billion cubic metres.
Russia's state-owned Gazprom also plans to export 10 billion cubic meters annually to China via a second pipeline. This is the so-called Far Eastern Route.
These deliveries should begin in 2027. In addition, Russia and China are discussing the establishment of a second link between the Siberian power and China via Mongolia, through which another 50 billion cubic meters of gas could be transported annually.
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Rusland groeit uit tot grootste olieleverancier aan China
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Gasprijs zakt naar laagste punt in ruim vier maanden
