Russia Forecasts Lower Price for Its Gas to China Versus Europe
- Prices to China seen as much 28% below those for Europe
- Russia expects natgas output, exports to grow in mid term
A worker inspects a gas collection point of the Kasimovskoye underground gas storage facility, operated by Gazprom PJSC, in Kasimov, Russia.
Source: Bloomberg
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Russia’s focus on boosting natural gas exports to China is proving less lucrative for the nation than its former reliance on westbound deliveries to European markets.
Gas prices for the Asian nation are expected to be as much as 28% below those for Russia’s remaining European clients at least through 2027, according to the economic outlook prepared by the Economy Ministry and seen by Bloomberg News.