2024-05-10 11:48:22
China’s natural gas imports grew by 20.7% in January-April, and oil by 2%. As reported by the General Administration of Customs (GCU) of the People’s Republic of China, the volume of purchases of these energy resources during this period amounted to 43 million tons and 182 million tons, respectively, Day.Az reports with reference to TASS.
According to published data, over four months in value terms, gas imports reached $21.38 billion, decreasing by 0.9%. Oil supplies to China in monetary terms increased by 4%, to $109 billion.
In April alone, gas imports to China decreased by 3.8% compared to March, to 10.29 million tons, and oil – by 8.8%, to 44.72 million tons. The cost of supplies of these energy resources reached $4.88 billion (minus 6.1%) and $27.91 billion (minus 4.9%), respectively.
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 through the Power of Siberia gas pipeline increased 1.5 times, to a record 22.7 billion cubic meters.
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.