China boosts spending on Russian energy to $35 billion since Ukraine war began

[beijingwalker]

China boosts spending on Russian energy to $35 billion since Ukraine war began​

Published: 22 August ,2022: 11:09 AM GST

China continues to expand its reliance on Russian energy, with purchases of crude, oil products, gas and coal rising to $35 billion since the war in Ukraine began, from about $20 billion a year earlier.

Although import values have been inflated by the global spike in energy prices due to the conflict, China is still taking more volumes, sometimes at discounted rates, from its strategic ally, according to the latest customs figures covering March through July.

The increase comes as other countries shun Russian goods as punishment for the invasion.

Imports in July included a record haul of Russian coal, which rose 14 percent on year to 7.4 million tons, with coking coal for the steel industry hitting 2 million tons, an increase of 63 percent.

Russia is now China’s top supplier of the fuel, supplanting Indonesia after the Southeast Asian nation deterred buyers by raising prices. And while crude imports from Russia declined from the prior month to 7.15 million tons, they were still 8 percent higher than a year ago and the nation remains the top origin for Chinese refiners.

Imports of liquefied natural gas also fell from June to about 410,000 tons, although they were 20 percent higher than a year ago.

The volumes exclude imports via pipelines, which haven’t been reported by customs since the start of the year, but are the main channel to transport the fuel from Russia to China.

Despite a slowing economy, China raised its spending on Russian energy to $7.2 billion in July, from $4.7 billion in the same month last year, with shipments making up about 70 percent of total imports from Russia.

China boosts spending on Russian energy to $35 billion since Ukraine war began

China continues to expand its reliance on Russian energy, with purchases of crude, oil products, gas and coal rising to $35 billion since the war in

english.alarabiya.net

 

[Indos]

Coal is getting expensive, European countries are flock to Indonesia, asking more coal

 

[FuturePAF]

Supposedly the pipelines in Russia, if not in constant use, as they have been used to transport gas to Europe, will freeze from inactivity as Russia is not independently technologically capable doing some of the work themselves. (A claim I heard in US media)

Any indication China is helping Russia in this regard?

 

[Yongpeng Sun-Tastaufen]

Chinese had been freezing in the cold since prehistoric times. At long last, Chinese have natural gas for heating and will freeze no more.

Supposedly the pipelines in Russia, if not in constant use, as they have been used to transport gas to Europe, will freeze from inactivity as Russia is not independently technologically capable doing some of the work themselves. (A claim I heard in US media)

Any indication China is helping Russia in this regard?

Chinese will never help Russia sell gas to Europe. China needs as much natural gas as possible.

 

[Yongpeng Sun-Tastaufen]

Coal is getting expensive, European countries are flock to Indonesia, asking more coal

Coal makes a lot of CO2 and is bad for lungs.

 

[beijingwalker]

I believe the import will slow down in the coming months, China may not have enough facilities to store them, we imported way more than we need now.

 

[Yongpeng Sun-Tastaufen]

I believe the import will slow down in the coming months, China may not have enough facilities to store them, we imported way more than we need now.

China can re export it to EU which don't buy any gas from Russia.

 

[MH.Yang]

Chinese had been freezing in the cold since prehistoric times. At long last, Chinese have natural gas for heating and will freeze no more.



Chinese will never help Russia sell gas to Europe. China needs as much natural gas as possible.

Please look at the world map before you post any comments. China has a lower dimension than Europe and the United States. China is a temperate and tropical country. Chinese people can only see a few days of snow every year. The Chinese have never lived in cold.

 

[Yongpeng Sun-Tastaufen]

Please look at the world map before you post any comments. China has a lower dimension than Europe and the United States. China is a temperate and tropical country. Chinese people can only see a few days of snow every year. The Chinese have never lived in cold.

China's populated north is quite cold. Much colder than southern Ontario but has a much larger population. China needs more gas than EU ever needed.

 

[MH.Yang]

China's populated north is quite cold. Much colder than southern Ontario but has a much larger population. China needs more gas than EU ever needed.

It is not the north of China that is colder, but the three northeast provinces to the north of the Great Wall. There is not a dense population. The lowest temperature in the area south of the great wall can only reach - 10 ℃ in a short time.

 

[Yongpeng Sun-Tastaufen]

It is not the north of China that is colder, but the three northeast provinces to the north of the Great Wall. There is not a dense population. The lowest temperature in the area south of the great wall can only reach - 10 ℃ in a short time.

Dude. Just Beijing alone needs more natural gas for heating than the entire EU does. Beijing has 25 million population and Beijing is much colder than Toronto and much colder than any city in EU.

 

[MH.Yang]

Dude. Just Beijing alone needs more natural gas for heating than the entire EU does. Beijing has 25 million population and Beijing is much colder than Toronto and much colder than any city in EU.

1, Beijing consumes about 5 billion cubic meters of natural gas for heating every year. The EU digests about 400 billion cubic meters of natural gas for heating every year.

2, Beijing does not necessarily need natural gas for heating. In the 1980s and 1990s, Beijing hardly used natural gas for heating.

3, The duration of winter in Toronto is much longer than that in Beijing. It begins in October every year and lasts until April of the next year. However, the winter in Toronto is not too cold, and the coldest time is only about minus 7 degrees.

 

[Yongpeng Sun-Tastaufen]

1, Beijing consumes about 5 billion cubic meters of natural gas for heating every year. The EU digests about 400 billion cubic meters of natural gas for heating every year.

2, Beijing does not necessarily need natural gas for heating. In the 1980s and 1990s, Beijing hardly used natural gas for heating.

3, The duration of winter in Toronto is much longer than that in Beijing. It begins in October every year and lasts until April of the next year. However, the winter in Toronto is not too cold, and the coldest time is only about minus 7 degrees.

Chinese have frozen in the cold since prehistoric times. With Russian gas, Chinese will freeze no more. EU have been spoiled kids. EU armed Ukrainians to slaughter Russians in 2013. No more Russian gas for EU. What goes around comes around.

三十年河东, 三十年河西.​

Stop speaking for EU spoiled brats. They been wasting natural gas for decades. Heating when the temperature in home is 15 C.

 

[beijingwalker]

 

[Yongpeng Sun-Tastaufen]

View attachment 872631

It is Germany which started arming Ukrainians to slaughter Russians. They can kiss Russian oil and gas goodbye. All that diverted to China.