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China’s inta­ke of Rus­si­an lique­fied natu­ral gas (LNG) sur­ged to an all-time high in Octo­ber as Wes­tern sanc­tions for­ced a retre­at by other buy­ers and redi­rec­ted car­goes, while ana­lysts said that key dri­vers inclu­ded dis­coun­ted pri­ces and Beijing’s shift to non-US suppliers.

Chi­ne­se cus­toms data released on Thurs­day show­ed that imports from Rus­sia jum­ped by 76.7 per cent, year on year, to 1.3 mil­li­on ton­nes – the first time mon­th­ly volu­mes from across the nort­hern bor­der top­ped 1 mil­li­on ton­nes, accord­ing to finan­cial data pro­vi­der Wind.

Rus­si­an LNG accoun­ted for 22.5 per cent of China’s total imports, near­ly dou­ble its 11.4 per cent share from a year pri­or, while month-on-month ship­ments rose by 33.1 per cent from September.

The value of last month’s imports incre­a­sed at a slower pace – up 31.8 per cent, year on year – sug­ges­ting that Rus­sia offe­red redu­ced pri­ces per unit.

“The cus­tom data seems to rein­for­ce what has been repor­ted alrea­dy: Rus­sia is likely offe­ring steep dis­counts to Chi­na on LNG ship­ments,” said Chim Lee, seni­or ana­lyst at the Eco­no­mist Intel­li­gence Unit. “The decli­ne in unit pri­ces is less sharp for non-Russian cargoes.”

The spike in China’s buy­ing from Rus­sia came amid heigh­te­ned sanc­tions on Rus­si­an ener­gy, as the Euro­pean Uni­on last mon­th announ­ced a pha­sed ban on LNG imports, with short-term con­tracts ending in six mon­ths and long-term ones set to ter­mi­na­te by 2027.

Mean­while, Washing­ton has repor­ted­ly pres­su­red allies such as Japan to curb purcha­ses of Rus­si­an LNG.

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Rus­sia loo­ks for­ward to sel­ling natu­ral gas to Chi­na at lower pri­ces as com­pa­red to what it char­ges Euro­pe and Tur­key, as per an Eco­no­my Minis­try draft out­look that’s tied to the 2026 bud­get. The docu­ment, as seen by Bloom­berg, goes on to pro­ject that Chi­ne­se deli­ve­ries are going to be pri­ced a mini­mum of 27% below Euro­pean as well as Tur­kish levels for the next three years, with the gap broa­de­ning to 38% in 2025.

The num­bers expo­se the pri­ce Moscow is going to pay for its east­ward pivot. Due to the fact that Euro­pe is lar­ge­ly off the table, Rus­sia has gone ahead and fun­nel­led volu­mes in the Power of Sibe­ria line and is wan­ting to seal the Power of Sibe­ria 2, which has been long-delayed and which hap­pens to be a 50-billion-cubic-meter con­du­it into nort­hern Chi­na. Appar­ent­ly, the­se pipe­lines gua­ran­tee an out­let when it comes to the Sibe­ri­an gas, and at the same time, they also cement qui­te steep dis­counts as com­pa­red to what Euro­pe once paid.

State­ments made by the Rus­si­an offi­cials have gone on to echo this direction.

Ale­xei Mil­ler, the Gaz­prom chief, has publicly agreed to the fact of natu­ral gas to Chi­na at lower pri­ces as com­pa­red to Euro­pe, while Vla­di­mir Putin, the pre­si­dent of Rus­sia, went on to descri­be the arran­ge­ment as giving Chi­na a major com­pe­ti­ti­ve advantage.

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In der Sen­dung gings dar­um, ob wir in der EU Poli­tik ein Per­so­nal­pro­blem haben.

Zitat: “Sie habe sich das kürz­lich ange­schaut, und es gäbe kein bil­li­ges rus­si­sches Gas” Zitatende.

Veröffentlicht by me am Freitag, 12. Dezember 2025 unter Allgemein, Media.