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Vladimir Putin says Russia now one of China's leading oil and gas suppliers

Vladimir Putin-Xi Jinping: Vladimir Putin said, "According to the results of this year, Russia has become one of the leaders in oil exports to China."

Published on: Dec 30, 2022, 17:45:04 IST
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Russian President Vladimir Putin said on Friday that Russia had become one of China's leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.

Vladimir Putin-Xi Jinping: Russian President Vladimir Putin. (AP)
Vladimir Putin-Xi Jinping: Russian President Vladimir Putin. (AP)

In remarks at the start of a video conference with Chinese President Xi Jinping, Putin said: "According to the results of this year, Russia has become one of the leaders in oil exports to China."

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Russia overtook Saudi Arabia as China's top crude supplier last month.

Putin added that Russia was China's second largest supplier of pipeline gas and fourth largest of liquefied natural gas (LNG). He said that in December, shipments had been 18% above daily contractual obligations.

Russian energy exports to China have risen markedly since Moscow sent its armed forces into Ukraine on Feb. 24, after which Western countries imposed unprecedented sanctions on Russia.

 
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