According to the SCMP, China bought a total of 2.35 million tonnes of LNG from Russia and is now aggressively reselling Russian gas to Europe.
We were surprised to learn a month ago that China has been importing more Russian natural gas this year than it has from most other sources, despite a suppressed appetite for energy due to its housing crash and economic downturn (for which "zero covid" has emerged as a convenient scapegoat for emperor Xi).
According to data from Chinese customs, China purchased a total of 2.35 million tonnes of liquefied natural gas (LNG) in the first half of the year, valued at US$2.16 billion, the SCMP reported in July. The value of imports climbed by 182% while the volume increased by 28.7% annually. It means that Russia has overtaken both Indonesia and the United States to take the fourth-largest position among LNG suppliers to China this year so far.
Of course, this should not be confused with pipeline gas, for which the Russian producer Gazpr...
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