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Western Sanctions are Pushing Russian Gas Sales into China's Gas Demand Boom

Posted by Tate Ulsaker on

Western provocations against Russia do hurt business and relations, but their desired effect has not happened.  Far from being weakened long term as a country, Russia has been thrust into a prominent role in providing the world's a visible alternative to a one world order or unipolar world.

Since western sanctions were slapped onto Russia as punishment for something never fully explained, Russia has turned east to find alternative trading partners such as China offering projects like the New Silk Road.

In a recent article put out by RussiaFeed, it is apparent by statistics provided that western sanctions are pushing Russian gas sales into china's gas demand boom, ultimately helping to diversify world political and economic partnerships away from western dominance. This was not the intended goal of sanctions but it is the Russian adaptation that makes this positive outcome possible.

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WHAT SANCTIONS? Russia’s barreling ahead with LNG production

The US measures designed to hurt Russia’s economy are not having the intended effect

Russia’s energy industry faces a new round of U.S. sanctions—including on oil projects in any location if a designated entity holds more than 33 percent. And in Europe, where Russia’s gas giant Gazprom currently holds a large share of the gas supplies, Poland and Lithuania are buying U.S. LNG in an effort to shake off Russian dominance.

Despite the sanctions and cold shoulders from Poland and Lithuania, Russia still has plans to boost its LNG capacity and exports, with one of its major LNG export projects focusing on Asia, more specifically China, as its destination. The LNG project has relied on Chinese funding to bring the project to completion.

By securing funding from China, Russia is not only finding alternative sources of financing in the face of U.S. sanctions; it’s also securing sales volumes in the fastest-growing LNG import market.

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China is expected to become the leading determinant in global natural gas demand, outpacing the U.S. as the biggest natural gas consumer somewhere between 2040 and 2050.

See the full article here from RussiaFeed.com -->> WHAT SANCTIONS? RUSSIA’S BARRELING AHEAD WITH LNG PRODUCTION


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