China Is Aggressively Buying Up Cheap Russian LNG ...Middle East

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China Is Aggressively Buying Up Cheap Russian LNG
Russia is selling liquefied natural gas from the Sakhalin-2 project in the Far East to China at a 50-percent discount and still making a profit on it, Bloomberg has reported, citing unnamed traders. “Russian supply is still making its way into the market, just with a reorganization of trade flows via market participants who don’t take issue with accepting Russian cargoes,” Saul Kavonic, an energy analyst at Credit Suisse, told Bloomberg. The other two big buyers of Sakhalin-2 LNG, Japan, and South Korea, according to Bloomberg,…

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