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Putin says Russia now one of China's leading oil and gas suppliers

Published 12/30/2022, 05:09 AM
Updated 12/30/2022, 05:10 AM
© Reuters. Russian President Vladimir Putin takes part in a ceremony launching production at the Kovykta gas field, which will feed into the Power of Siberia pipeline carrying Russian gas to China, via a video link with head of Gazprom Alexei Miller in Moscow, Russi

MOSCOW (Reuters) - Russian President Vladimir Putin said on Friday that Russia had become one of China's leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.

In remarks at the start of a video conference with Chinese President Xi Jinping, Putin said: "According to the results of this year, Russia has become one of the leaders in oil exports to China."

Russia overtook Saudi Arabia as China's top crude supplier last month.

Putin added that Russia was China's second largest supplier of pipeline gas and fourth largest of liquefied natural gas (LNG). He said that in December, shipments had been 18% above daily contractual obligations.

Russian energy exports to China have risen markedly since Moscow sent its armed forces into Ukraine on Feb. 24, after which Western countries imposed unprecedented sanctions on Russia.

Deputy Prime Minister Alexander Novak said on Nov. 29 that Russia's energy exports to China had increased in value by 64% this year, and by 10% in volume.

Latest comments

Russia: China's Gas Station.
Ya of course China is buying bloody Russian oil at a massive discount
2 dictators never leaving office are swapping spit with each other. Big wow.
China's annexation of Eastern Russia will be a cake walk...
So the saudis are loosing marketshare in China to Russia but they still do nothing about this and let russia pump all the oil they can sell…
What are they supposed to do about it? Russia is practically giving the Chinese free oil.
Saudis are busy trucking cash they can extract from EU paying premium for oil after they themselves removed/banned Russian competition.
Autocrats tend to support each other...
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