Key View
- Mainland China and Russia are deepening gas trade, as they seek to diversify gas trade routes amid sanctions on Russian gas.
- China stands to benefit as Moscow faces the threat of the permanent loss of natural gas markets in Europe.
- Russia’s chase for gas pipeline deals with China puts the latter in a much better bargaining position to negotiate prices.
- China’s LNG imports from Russia could increase further in the short term if the importers continue to boycott Russian LNG.
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