China imports record volume of natural gas in May
06:27 14.07.2023 8066
China imported 13.51 billion cubic meters of natural gas in May 2023, including pipeline supplies and LNG. This figure is a historical maximum for May.
Demand in May 2023 is 19% higher than May 2022, according to Chinese customs. It is also important that it significantly exceeded imports in May 2021 (13.28 billion cubic meters), when anti-COVID measures were gradually weakened.
One of the main drivers of the global energy market in 2023, after the lifting of restrictive measures, is precisely the growth of the Chinese economy. A more detailed foreign trade summary, broken down by LNG and pipelines, and broken down by country, will be released by national customs in the coming weeks.
China receives pipeline gas from five suppliers: Russia, Turkmenistan, Kazakhstan, Uzbekistan and Myanmar, Interfax writes.
In May 2023, the average cost of gas imports decreased to $373 per thousand cubic meters, which is the lowest value in the last 22 months – since August 2021.
Fuel and energy complex products were sold at the exchange auctions to the external and domestic markets
17 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Presidents of Turkmenistan and Iran discussed prospects for developing multilateral cooperation by phone
On Monday, a telephone conversation took place between President of Turkmenistan Serdar Berdimuhamedov and President of the Islamic Republic of Iran Masoud Pezeshkian, TDH reports.
President of Turkmenistan and Prime Minister of Pakistan discussed partnership in the energy sector by phone
President of Turkmenistan Serdar Berdimuhamedov and Prime Minister of Pakistan Muhammad Shahbaz Sharif discussed issues of enhancing cooperation in the energy sector in a telephone conversation on March 31, TDH reports.
Foreign and domestic companies actively purchased fuel and energy products at exchange trades
34 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Refined products were in the lead in the auctions
At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.