“Bloomberg: China buys Russian gas at 50% discount until the end of the year.”
RuZZia is really lowering the cost to try to move product.
https://twitter.com/KyivIndependent/status/1567983442943705090
“Bloomberg: China buys Russian gas at 50% discount until the end of the year.”
“RuZZia is really lowering the cost to try to move product.”
Anything over cost is better than burning it, but the capacity to liquify additional gas for export by ship is limited to just a few percentage points of what used to go to Europe. According to a posted link above, China is going to pay in Yuan or rubles. Still better than nothing, but China is driving harder and harder bargains.
Let’s see if China ends up owning all or most of Gazprom in a couple of years, at a fire sale price.
Maybe China will have to approve whoever replaces Putin, as behind the scenes kingmaker.