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Why international natural gas prices continue to fall Russia is selling to China at a bargain price

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Russia, which lost its sales outlets due to the Ukraine-Russia war, is in China.

It’s being sold at a bargain price, and the warm winter played a part.

I thought it would rebound due to demand from China if the industry resumed after getting out of Zero Corona, but China is being supplied at a bargain price in Russia, so it continues to fall without a bottom.

China is the only one who is angry because Russia even approves the gas pipeline for the Far East.

If we didn’t mind the U.S., we wouldn’t have worried about heating costs because we got Russian products.It’s too bad.

image text translation

(1)Expansion of Gas Supply to Russia
(2)Approval of gas pipes on the secondary polar route
(3)Oil type input 2023 1311039
(4)Sakhalin Gas Co., Ltd. seems to be an alternative to Europe’s disruptions in exports to China.
(5)Colorful.

image text translation

(1)Seoul = Yonhap News Reporter Yoo Chul-jong = The Ukraine War
(2)Russia, which is struggling to export natural gas to post-European countries, is stepping up efforts to build a Far East route to expand its gas supply to China.
(3)Russian government approved a government-to-government agreement at a cabinet meeting on the 30th on the construction of a gas pipeline on the Far East route to supply gas produced in the country’s Far East Sakhalin region to northeastern China, according to Tass-Ryanovosti.

image text translation

(1)Russian Government Gas to Europe Due to Ukraine Crisis
(2)As the supply has been disrupted, we are working hard to expand supply to Asian markets such as China as an alternative.
(3)The gas pipeline on the Far East route is the second large-scale project of gas cooperation between China and Russia.
(4)Russia has already built a Siberian power gas pipeline that runs more than 2,000km from the Siberian Chayanda gas field to China and has been supplying natural gas since December 2019.
(5)Russia, which exported 15.5 billion cubic meters of gas to China through the gas pipeline last year, plans to increase its supply every year to 38 billion cubic meters per year by 2025.
(6)Russia and China are also seeking to build Siberia’s Power-2 gas pipeline to supply gas produced in Siberia’s gas fields to China’s western Xinjiang Weir region via Mongolia.
(7)Russia completed an economic feasibility study on the construction of the gas pipeline with an annual transport capacity of 50 billion cubic meters in January last year, and plans to start construction in 2024 ↑

Spurs Expansion of Gas Supply to Russia…Approval of the Far East Route Gas Pipeline

Seoul = Yonhap News Reporter Yoo Chul-jong = Russia, which has been struggling to export natural gas to Europe since the Ukraine war, is stepping up construction of the Far East route to expand its gas supply to China. According to the Tas and Lia Novosti news agencies, the Russian government held a cabinet meeting on the 30th to supply gas produced in Sakhalin, the Far East, to northeastern China.

httpsvdaumnetv20230131103952875

International natural gas prices of E&P fall, heating costs soar because

■ Broadcast YTN Radio FM 945 1300-1400 ■ Anchor Lee Seung-hoon ■ Broadcast date Monday, January 30, 2023 ■ Dr. Lee Sang-yeol, Director of the Institute for People’s Livelihood Economics, may differ from the actual broadcast content, so please check the broadcast for more accurate information. The international price of natural gas for E&P.

httpsvdaumnetv20230130154614158

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