China to surpass Europe as Russia's largest pipeline gas market in 2022 due to 40% export increase.

China is projected to surpass Europe as the largest market for Russian pipeline gas in 2022, following a significant increase in exports by Gazprom. In the first nine months, Russia sent 23.7 billion cubic meters to China, a 40% rise from 2021, while European imports declined due to the Ukraine conflict. Gazprom is enhancing supplies via the Power of Siberia pipeline, with plans for further expansions to meet China's growing demand.

October 21, 2024
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