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Russian LNG Supplies to China Surged to 8.3 Million Tons in 2024

© Sputnik / Pavel Bednyakov / Go to the mediabankIcebreaking LNG tanker Pyotr Stolypin is seen moored to the pier of the Zvezda shipbuilding complex in Primorsky Krai region, Russia.
Icebreaking LNG tanker Pyotr Stolypin is seen moored to the pier of the Zvezda shipbuilding complex in Primorsky Krai region, Russia. - Sputnik International, 1920, 20.01.2025
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Russia and China are systematically increasing natural gas supplies via the Power of Siberia pipeline, as well as are designing a gas pipeline for the Far East route and working out the conditions for exporting gas through Mongolia, the Russian government stated last year.
The volume of Russian liquefied natural gas (LNG) supplies to China in 2024 increased by 3.3% compared to 2023, according to data published by the General Administration of Customs of the People's Republic of China.
Total volume reached 8.3 million tons, statistics show. Imports in value decreased by 3.5%, to $4.99 billion.
Russia is in third place among LNG suppliers to China. Overall, Russia became China's top crude supplier in 2024, according to Chinese customs. In the first 10 months of 2024, China imported 2.17 million b/d of Russian crude, up 2.2% year on year.
By 2030, total gas supplies from Russia to China, both pipeline and tanker-shipped, are projected to reach 85 billion cubic meters per year.
Сhina gets most of its Russian gas supplies via the Power of Siberia pipeline, set to reach its designed transportation capacity of 38 billion cubic meters in 2025.
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