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S1-EP 056 . The New Russia-China Natural Gas Deal: It's Impacts on China's Energy Transition
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In Feb 2022, Russia and China signed a new gas deal to supply 10 bcm of pipeline gas per annum to China, starting around 2025 for over 30 years from Russia’s Far East. This contract is in addition to an agreement signed in 2014 to provide 38 bcm over 30 years, and bringing the combined annual gas deliveries of Russian gas to China to 48 bcm per annum under the two pipelines. China utilized 360 bcm of natural gas in 2021 and is expected to reach approximately 600 bcm by 2030. In this episode, Zhao Ang and Erin will discuss if this agreement with Russia will put China in a position to benefit from the disparities between Russia and the EU amidst the ongoing Russia-Ukraine war?
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