China Buys a Record Amount of Russian LNG as Oil And Coal Purchases Also Surge
- Russia overtakes Saudi Arabia as China’s top crude supplier
- Coking coal imports in November double that of a year ago
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China imported record quantities of Russian liquefied natural gas last month, while sales of crude oil and coal also surged as other buyers shunned Russian energy products as punishment for its invasion of Ukraine.
Russian sales of LNG doubled from a year earlier to 852,000 tons in November, despite a 5.4% decline in China’s total purchases of the super-chilled fuel, according to Chinese customs data. Natural gas piped overland from Russia may have risen as well, in line with increased total pipeline imports recorded by customs, although China hasn’t broken out how much comes from its neighbor since the start of the year.