Russia Expects to Sell Natural Gas to China at Lower Prices Than Europe and Turkey
Pipes carrying gas at an underground gas storage facility in Kasimov, Russia.
Photographer: BloombergRussia expects its natural gas sales to China to be less lucrative than westbound exports, underscoring the downside to the Kremlin’s growing reliance on the Asian nation.
Gas prices for China are expected to be at least 27% lower than for shipments going to Turkey and its few remaining clients in Europe over the next three years, according to an Economy Ministry outlook submitted alongside the draft budget to the State Duma on Monday. For 2025, the price gap is even wider at 38%.