Commodities

Gazprom Says Gas Exports to China Reach New High as Demand Soars

A Gazprom compressor station n Ust-Luga, Russia.

Photographer: Andrey Rudakov/Bloomberg
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Russia’s Gazprom PJSC said its natural gas deliveries to China have hit a new historic high amid rising demand.

Chinese National Petroleum Corp. requested volumes via the Power of Siberia 1 route that once again exceeded Gazprom’s contractual obligations on Nov. 23, the Russian producer said in a statement cited by state news service Tass on Saturday.