6 ms·
Europe is buying Russian gas at a premium through China and India.
by skylabmelody 4y ago
Europe is buying Russian gas at a premium through China and India.
- kubafu 4y agoCare to share a link to the source of this information?
- celticninja 4y agoNo it isn't. Citation required because there is no evidence of that.
- skylabmelody 4y agoBloomberg: "China is able to secure cheaper supply and resell shipments from more expensive exporters to utilities in Europe and Asia, while Russia can continue selling fuel at a profit." https://www.bloomberg.com/news/articles/2022-09-08/china-snaps-up-half-price-russian-lng-as-europe-shuns-supplies https://www.bloomberg.com/news/articles/2022-09-08/china-sna... Financial Times: "The world’s largest buyer of liquefied natural gas [China] is reselling some of its surplus LNG cargoes due to weak energy demand at home. This has provided the spot market with an ample supply that Europe has tapped, despite the higher prices." https://www.ft.com/content/1e20467a-5b53-42b7-ad89-49808f7e1780 https://www.ft.com/content/1e20467a-5b53-42b7-ad89-49808f7e1...