EU turns to China for surplus LNG, which is ironic since China is getting gas from Russia
1 year ago
12
EU countries have been increasingly boosting storages with surplus Chinese liquefied natural gas (LNG) purchased in the spot market, the Financial Times reported on Monday. Which is ironic considering the fact that China is just buying gas from Russia anyways. China can just make a profit off of it by selling it to the EU at a higher price than if they bought it from Russia.
Here's the links:
https://www.rt.com/business/561808-eu-turns-to-china-for-lng/
https://www.rt.com/business/561329-china-boosts-russian-energy-imports/
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