Gazprom sates China demand at US expense?
China’s ever-increasing demand for gas imports is making the country an attractive customer for Russia’s Gazprom. This could be at the expense of the US, which might be forced to pay higher prices in the shorter term until its shale industry is up and running, say analysts.
In mid-February, Gazprom shipped 1 million tonnes of liquefied natural gas (LNG) to China, because the US gas market was economically unattractive, according to director general of OOO Gazprom Export, Alexander Medvedev.
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