Prospects for Russian gas in China

Dmitrij Igorevich Kondratov
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Dmitrij Igorevich Kondratov: Institute of Economics RAS, Moscow, Russia

Russian Foreign Economic Journal, 2023, issue 10, 85-111

Abstract: The article examines China’s gas market and analyzes the factors influencing the long-term changes in demand for this energy resource. The author also attempts to assess the expansion of Russia’s participation in the Chinese gas market, and presents interim recommendations on how to utilize the potential for developing energy cooperation between China and Russia. In this case, the northeastern provinces of China, located near the Russian border, after the launch of the Power of Siberia gas pipeline, will be saturated with Russian gas. At the same time, the insufficient development of gas infrastructure - pipeline capacities, gas storage facilities, distribution networks - in China will not allow increasing exports if Russia builds additional capacities. To an even greater extent, this applies to the Power of Siberia-2 gas pipeline project. The most promising way to increase Russian gas exports to China is the organization of Russian LNG supplies to China’s coastal regions, where the demand for gas is expected to grow steadily.

Keywords: China; gas; Russian-Chinese energy cooperation; Chinese energy sector; long-term development forecasts (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_10_85-111

DOI: 10.24412/2072-8042-2023-10-85-111

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