Russian energy provider Gazprom has amped up its natural gas deliveries destined for China as EU supplies are dangerously low.
According to the sources, gas deliveries have made up for the loss of the EU, which received a lot of gas deliveries until the US pressed sanctions.
Beijing Brings in Lost Business
This year has seen a significant increase in Russian natural gas deliveries to China via the Power of Siberia, as state-owned Gazprom verified the increase in the volume transported last Monday, reported RT.
According to the data provided, there was a 60.9 percent increase from the same time last year. In July, Gazprom deliveries continuously exceeded daily contract quantities, breaking the historical record for daily export volume three times, noted Hi India.
The gas firm's deliveries to non-CIS nations total 75.3 billion cubic meters, which is 34.7 percent (40 billion cubic meters) less than the same period in 2021. Furthermore, they added they increased gas deliveries to their clients' needs.
According to research, demand for Russian gas will fall by 35 billion cubic meters in the first seven months of 2022 compared to the same period in 2021. Furthermore, they added the delivery of gas to their customers' needs.
Russian energy provider Gazprom said the majority of the reduced amount, 31 billion cubic meters, came from EU gas purchasers. Several causes, including the Ukraine crisis, Russian sanctions and counter-sanctions, and even the European Union's gas/oil embargo on Russian energy.
The pipeline, Power of Siberia, carries natural gas from Russia's Yakutia to Asia-Pacific countries.
Gazprom and the China National Petroleum Corporation (CNPC) collaborate to provide Russian energy to China under a 30-year arrangement inked in 2014. China gets a boost, but EU gas supplies languished in an economy-killing energy crunch.
The EU's top diplomat, Josep Borell, has warned that a gas shortage may occur this winter as a result of Gazprom limiting supply to its former client owing to sanctions imposed on Moscow, mentioned the Fast Newz.
He said that Europe is headed for a perfect storm before winter, with energy prices rising and economic development slowing.
In a blog posted Monday on the website of the EU Diplomatic Service, the EU's high representative for foreign affairs and security policy wrote. There is significant concern about whether the EU will have enough gas and will be able to afford it.
Russia, which used to fulfill the EU's energy needs, has reduced the flow to only 20%, crashing the bloc and allowing the Biden administration to impose economic sanctions on Moscow.
He warned that Moscow could approve a zero flow, jeopardizing much-needed natural gas supplies; Brussels bowed to Washington and is now paying the price.
Borell stated that gas resources are limited and that obtaining additional supplies will be difficult; Russia is the greatest source, imposing an energy-saving plan on all EU members who receive supplies.
The EU agreed to a proposal a month ago to have all members reduce gas use by 15% to save energy before a harsh winter. However, Brussels prefers to impose rather than make it optional.
Russian energy provider Gazprom has increased natural gas deliveries to China while the EU supplies are getting scanty; due to its actions with the US versus Russia.
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