A little over a year after Russia opened its giant Power of Siberia pipeline to China, natural gas prices for the Chinese market have fallen below European rates.
In October and November, the prices charged by Russian monopoly Gazprom dropped to U.S. $126 (810 yuan) per thousand cubic meters from $144 per thousand cubic meters (tcm) in the third quarter, Interfax reported, citing Chinese customs data.
The decrease marked the first time that China’s costs dropped below those for Europe since the 3,000-kilometer (1,864-mile) pipeline began deliveries in December 2019.
Gazprom was charging China more than twice as much as its prices for …read more
Source:: Radio Free Asia