HomeMediaLatest NewsGazprom loss shows struggle to fill EU gas sales gap with China

Gazprom loss shows struggle to fill EU gas sales gap with China

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance commented to Reuters on the prospects for Russian gas demand in China.

Alexey Belogoryev said that Gazprom would not be able to restore profitability by relying solely on its gas business.

According to him, a strategic shift towards the production and export of ammonia, methanol and other gas processing products is possible for Gazprom, but it will not give a quick return.

"At the same time, the prospects for the Power of Siberia-2 remain vague: China will most likely not need such a large volume of additional imports in the 2030s due to a likely slowdown in demand growth and high rates of domestic gas production," he said.

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