China is paying a high price for natural gas from Russia’s newly-opened Power of Siberia pipeline at a time when the COVID-19 pandemic has driven many energy costs down to historic lows.
On April 13, the Interfax news agency reported that the average price for gas from the 3,000-kilometer (1,864-mile) pipeline reached U.S. $203 (1,437 yuan) per thousand cubic meters in January and February, based on calculations from Russian and Chinese customs data.
At that level, Russia’s gas monopoly Gazprom has been charging China more than twice as much as its reported prices for European customers, according to comments by Belarus President …read more
Source:: Radio Free Asia
