PREMIUM CONTENT

Russia-China

The Russia – China Energy Nexus

China has leveraged Russia’s shift in energy trade focus from Europe to Asia, in the wake of Western sanctions imposed over the invasion of Ukraine. Chinese companies have seized the opportunity presented by discounted prices, increasing purchases of Russian energy. They are promoting the use of Chinese currency for trade settlement and contributing equipment to Russia’s Arctic LNG II project. However, Chinese entities have remained cautious and compliance-driven, ensuring they steer clear of violating sanctions.

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Australia-future-gas-strategy

Australia’s LNG & national natural gas strategy

What role will Australian LNG play in 2050? Demand for Australian LNG beyond 2050 could vary widely. The modelling indicates demand in 2050 could vary as much as 80 billion cubic meters, or about 58 million tonnes between scenarios. In all scenarios examined, LNG exports decline to 2050. However, LNG still has a clear role to play in 2050. There are crucial differences in demand for Australian LNG in 2050. In all scenarios, Australia maintains a large share of LNG trade with existing trade partners.

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Global-gas-report-may

Global LNG imports achieve record levels in April

In April 2024, global LNG imports stood at 34.52 Mt, representing an increase of 1.7% (0.58 Mt) y-o-y. This is a record high for LNG imports for the month of April. The Asia Pacific and LAC regions led the rise in global LNG imports and offset a sharp decline in European LNG imports. For the period January to April 2024, global LNG imports expanded by 2.9% (3.98 Mt) y-o-y to reach 142.52 M Source: Gas Exporting Countries Forum (GECF)

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