LNG

China in no rush for second major Russian gas deal

China’s readiness to sign new long-term gas supply contracts does not necessarily mean a second major gas deal is on the cards for Russia China’s readiness to sign new long-term gas supply contracts does not necessarily mean a second major gas deal is on the cards for Russia.
By Colin Shek 14 March 2018 0 29990
Welding the first joint of Power of Siberia in September 2014. (Gazprom)

China has said it is ready to sign up for more gas from Russia and other suppliers, but Beijing may keep Moscow waiting as it weighs up the need for greater pipeline imports against more flexible LNG shipments, analysts have told Interfax Natural Gas Daily.

He Lifeng, director of the National Development and Reform Commission, confirmed last week that China is looking at signing more contracts for long-term gas supplies from Russia, Central Asia and the Pacific Rim. 

The remark will have been welcomed...