2024-03-10 16:34:15
China purchased 88.3 million tons of oil and 22.1 million tons of natural gas abroad in January and February, increasing their supplies by 5.1% and 23.6%, respectively. This was reported by the Main Customs Administration (GCU) of the People’s Republic of China, Day.Az reports with reference to TASS.
As follows from the published data, the value of oil imports increased by 2.8%, to $51.28 billion. As for gas, the corresponding figure decreased in monetary terms by 5.5%, to $11.31 billion.
Russia is a leading energy exporter to China. In 2023, China purchased 107 million tons of oil from Russia (an increase of 24%) and 8 million tons of liquefied natural gas (an increase of 23%). Supplies via the Power of Siberia gas pipeline increased 1.5 times, to a record 22.7 billion cubic meters. m.
According to GTU calculations, China in 2023 increased oil imports by 11% (to 563.99 million tons), gas – by 9.9% (to 119.97 million tons). The cost of these energy resources amounted to $337.49 billion (a decrease of 7.7%) and $64.34 billion (a decrease of 8.1%), respectively.
Coal import
Coal supplies (including lignite) to China in January-February increased by 22.9% and amounted to 74.51 million tons. According to published data, the value of coal imports during this period decreased by 5.1%, to $7.93 billion.
Russia is dynamically increasing exports of this energy carrier to China. As Russian Deputy Prime Minister Alexander Novak previously stated, in 2023 China increased purchases of Russian coal by 52%. This is about 90 million tons.
According to statistics, in 2022 China reduced imports of coal raw materials (including lignite) by 9.2%, to 293.2 million tons. In 2023, the country increased purchases by 61.8%, they amounted to 474.41 million tons.
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