Russia Sees China Buying Gas at Discount to Europe Through 2029
An underground gas storage facility in Kasimov, Russia.
Source: BloombergRussia’s government expects to sell natural gas for several years to China at about a third less than the price paid by Europe, underscoring how a pivot to Asia hasn’t fully offset the loss of most of the country’s Western markets.
The price of Russian gas for China is set to average $258.80 per 1,000 cubic meters this year, more than 38% lower than the average price offered to the few remaining buyers in Europe, said two people familiar with governmental forecasts.