04/24/2024, 06:12
13K1 min.
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Bloomberg: the cost of gas from Russia for China will be reduced by 28% in the coming years
The price of Russian gas for China will be reduced by 28% compared to the cost of supplies to European countries,
Bloomberg reported , citing the macro forecast of the Russian Ministry of Economy. According to the agency, the discount is planned to remain in effect until at least 2027.
According to the forecast of the Ministry of Economy, cited by Bloomberg, in 2024 the export price of Russian gas to China will be $257 per 1 thousand cubic meters. m, and for Europe and Turkey - $320.30. In 2025, prices will be $243.7 and $320.1, respectively, in 2026 - $233 and $320, in 2027 - $227.8 and $315.4. The percentage difference in the coming years does not exceed 28%.
According to
data from the China Customs Administration, China imported 1.648 million tons of Russian liquefied natural gas in January-March 2024. Compared to the first three months of 2023, the figure increased by 2%. At the same time, in value terms, supplies decreased by 19.7% and amounted to $1.06 billion.
Meanwhile, in February, Gazprom
became the largest supplier of pipeline gas to China and exported 2.5 billion cubic meters. m. Since the beginning of 2024, there has been another planned increase in supplies through the Power of Siberia pipeline.
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Read more about trade between the Russian Federation and China in the Kommersant article .
Lusine Balasyan