Russia plans to send some 35 billion cubic metres (bcm) of natural gas per year to China via Kazakhstan, the TASS news agency reported on Saturday citing Kazakhstan s envoy to Russia, disclosing the potential volumes for the first time.
NGW’s view is that these proposed restrictions are unlikely to impact Russian LNG flow to Europe in the next few years, in light of opposition from the top three importers of Russian LNG in the EU.
Average daily natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM were up 4% in February from average January levels and rose by almost 26% from the same month of 2023, Reuters calculations showed on Thursday.
Natural gas supplies to Europe by Russian energy giant Gazprom GAZP.MM edged down in January by 4.1% to 2.53 billion cubic metres (bcm) from December, but jumped by almost 41% from the same month in 2023, Reuters calculations showed on Thursday.
The ongoing conflict in the Red Sea region is posing a significant threat to global shipping routes, affecting crucial chokepoints and potentially disrupting the flow of oil, food, and fertilizer shipments worldwide.