China Is Quietly Reselling Its Excess Russian LNG To Europe ...Middle East

OILPRICE - Economy
China Is Quietly Reselling Its Excess Russian LNG To Europe
source : OILPRICE ( Middle East ) () 31
One month ago, we were surprised to read how, despite a suppressed appetite for energy amid its housing crash and economic downturn (for which "zero covid" has emerged as a convenient scapegoat for emperor Xi), China has been soaking up more Russian natural gas so far this year, while imports from most other sources declined. In July, the SCMP reported that according to Chinese customs data, in the first six months of the year, China bought a total of 2.35 million tonnes of liquefied natural gas (LNG) – valued at US$2.16 billion. The import…

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