![]() I can chain my soul-jumps, going from racing through the offshore waves toward the beach as a dolphin, then ejecting myself from the water and possessing a passing seagull to take flight before my feet hit the sand. The IEA said in a report last week that China will remain the single largest country contributor to LNG import growth, but with a growth rate dropping to 9% in 2022 from 17% in 2021 due to the ramp-up of pipeline flows from Russia and the overall slowdown in gas demand growth.The more I do it the more fun it becomes. ![]() "Piped gas from Russia can be supplied to northern China at prices that are competitive when compared with LNG," said Ken Kiat Lee, analyst at consultancy FGE. The deal is expected to weigh on China's LNG import outlook. ![]() The pricing of the new gas deal will be similar to that of Power of Siberia, the source said, adding that both were "fairly satisfied" with that arrangement. "China's coal shortage last year served as another wake-up call that natural gas has its special value, that's why CNPC decided to top up with the new pipeline deal," the source said.Ī CNPC representative did not immediately respond to a request for comment. Talks accelerated more recently after Beijing set its 2060 carbon neutral goal, the source said. Discussions between the two firms began several years ago after the start-up of Power of Siberia, a 4,000-km (2,500-mile)pipeline sending gas to China.
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