Gazprom sees China’s total 2021 gas imports at 160 bcm, says CEO
Thats a big volume – no doubt. But the real issue is how much more will China import in the future or will it even be able to hold the place it has right now. One issue is the uncertainty about the Chinese market. I expect China to go into a tailspin as bringing industries back home gathers steam in many countries. China is not trusted anymore and that can be measured by the exodus of companies from the Middle Kingdom. The other issue is profitability. I don’t believe that Russia makes any money from the gas exports to China. Thats why I don’t expect massive additions. It’s a political stunt.
