Russian LNG gains traction in China as Arctic LNG 2 deliveries increase

AI Summary

Russian LNG deliveries to China, particularly from Arctic LNG 2, are increasing and gaining traction despite weaker gas demand growth in the country. This rise is supported by discounted cargoes and improved Russian shipping capacity, altering China's LNG import dynamics.

China’s LNG import portfolio is seeing a growing share of Russian LNG despite weaker-than-expected gas demand growth in the world’s largest LNG importer, supported by discounted cargoes from Arctic LNG 2 and improvements in Russia’s shipping capacity, according to customs data, market participants and S&P Global Energy analysis. The trend is reshaping China’s LNG import ...