Russia will rely more on Chinese demand for gas

• Format: Other/Unknown Material
• Language: unknown
• Published: Emerald 2024
• Subjects: Arctic
• Online Access: http://dx.doi.org/10.1108/oxan-db284845; https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB284845/full/xml; https://www.emerald.com/insight/content/doi/10.1108/OXAN-DB284845/full/html

Significance Modestly increased gas exports to China have offset only a fraction of the lost business in Europe. The United States last year imposed sanctions on the flagship Arctic-2 LNG project that is central to Moscow's hopes of becoming a leading LNG supplier. Russia’s position as the world’s leading exporter of natural gas is under threat. Impacts China, India and Turkey will account for most of Russia’s oil exports. Along with South Korea, China, India and Turkey will also account for most of Russia’s coal exports. China will be the only viable alternative to Western suppliers of vital technologies used in extraction and processing of hydrocarbons.