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Russia Surges as China’s Second-Largest LNG Supplier

12/23/2025

34 5 Full Breakdown

Summary

Story summary

In November 2025, Russia exported a record 1.6 million metric tons of LNG to China, making Russia China's second-largest supplier after Qatar.
Discounts of 30–40% attracted Chinese buyers despite Western sanctions.
The Arctic LNG 2 project began production in December 2023 and struggled to sell until prices were cut significantly.

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Story summary

In November 2025, Russia exported a record 1.6 million metric tons of LNG to China, making Russia China's second-largest supplier after Qatar.
Discounts of 30–40% attracted Chinese buyers despite Western sanctions.
The Arctic LNG 2 project began production in December 2023 and struggled to sell until prices were cut significantly.