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20 Jan, 2023 13:50

Russian LNG shipments to China skyrocket

The surge makes Russia the country’s fourth largest supplier of the fuel
Russian LNG shipments to China skyrocket

Chinese imports of Russian liquefied natural gas (LNG) soared by 43.9% to 6.5 million tons in 2022, according to data released by China’s customs agency on Friday.

In monetary terms, Russia’s exports of the super-chilled fuel to China increased by nearly two and a half times to $6.7 billion, the data shows. Russia is now China’s fourth biggest supplier of LNG.

Australia remained China’s largest provider, having sent 21.9 million tons of LNG worth $16 billion last year. Qatar and Malaysia followed with 15.7 and 7.4 million tons exported, respectively. In monetary terms, this amounted to a respective $11.5 billion and $6.8 billion in sales by Qatar and Malaysia.

Russia was followed by Indonesia, which shipped 3.7 million tons of LNG worth $3.1 billion and the US, whose exports of the fuel to the world’s biggest energy consumer reached 2.1 million tons, worth $2.2 billion.

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