Beijing increases Russian gas imports under sanctions

China is working on operating a second LNG import terminal from the Russian "Arctic 2" project, which is under sanctions, in the city of Longkou, Shandong Province. This is happening alongside its current reliance on just one terminal for importing these shipments. The new terminal is expected to be ready before October and will have an annual capacity of 5 million tons to meet winter demand. Meanwhile, Russian company Novatek continues to offer price discounts of up to 40% to boost its sales in the Chinese market and overcome Western sanctions.

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