"China is able to secure cheaper supply and resell shipments from more expensive exporters to utilities in Europe and Asia, while Russia can continue selling fuel at a profit."
"The world’s largest buyer of liquefied natural gas [China] is reselling some of its surplus LNG cargoes due to weak energy demand at home. This has provided the spot market with an ample supply that Europe has tapped, despite the higher prices."
celticninja|3 years ago
skylabmelody|3 years ago
"China is able to secure cheaper supply and resell shipments from more expensive exporters to utilities in Europe and Asia, while Russia can continue selling fuel at a profit."
https://www.bloomberg.com/news/articles/2022-09-08/china-sna...
Financial Times:
"The world’s largest buyer of liquefied natural gas [China] is reselling some of its surplus LNG cargoes due to weak energy demand at home. This has provided the spot market with an ample supply that Europe has tapped, despite the higher prices."
https://www.ft.com/content/1e20467a-5b53-42b7-ad89-49808f7e1...
kubafu|3 years ago