https://www.engineeringnews.co.za
Coal|Copper|Energy|Gas|LNG|Pipelines|Services|Products
Coal|Copper|Energy|Gas|LNG|Pipelines|Services|Products
coal|copper|energy|gas|lng|pipelines|services|products

Russia ships record volumes of gas and steelmaking coal to China

25th October 2022

By: Bloomberg

  

Font size: - +

China imported record quantities of Russian liquefied natural gas and steelmaking coal in September, as total purchases of energy products topped $50-billion since the invasion of Ukraine pushed Moscow to expand sales to its strategic ally.

Coking coal imports from Russia jumped to 2.5-million tons in September, from about 900 000 t in the same month last year and 1.9-million tons in August, according to Chinese customs data. LNG sales rose by a third from a year ago to 819 000 t, despite a 12% decline in China’s overall purchases of the super-chilled fuel. China hasn’t reported imports via pipelines, the main conduit for Russian gas, since the start of the year.

Crude oil imports from Russia were at 7.5-million tons last month, compared with 8.3-million tons in August and 6.1-million tons a year ago, with Saudi Arabia leapfrogging Russia as China’s top supplier.

Total purchases of Russian energy, including oil products, slowed to $7.5-billion last month from a revised record of $8.4-billion in August, although the figure is well-ahead of last year’s $4.7-billion. It brings the total to more than $51-billion in the seven months since the war in Ukraine began. Over the same period in 2021, China’s energy purchases from Russia were $30-billion.

Although import values have been inflated by the global spike in energy prices caused by the war, China is still taking more volumes, sometimes at discounted rates, from Russia. Moscow for its part needs to find a home for exports that are being shunned by much of the rest of the world as punishment for the invasion. A new package of European Union sanctions that will deprive oil tankers of insurance and other services is due to take effect on December 5.

Other data for imports from Russia in September include:

* Coal imports, including both thermal and coking coal, increased 20% on year to nearly seven-million tons
* Refined copper imports doubled to 39 578 tons
* Refined nickel imports slumped 60% to 3 363 tons
* Refined aluminum imports rose more than four-fold to 45 666 tons
* Palladium imports plunged 57% to 265 kg
* Wheat imports decreased 45% to 3 431 tons

Edited by Bloomberg

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.441 0.501s - 192pq - 2rq
Subscribe Now