Russia Says Electricity Exports to China Could Resume on Request

Overview

• The Energy Ministry said supplies could restart if Beijing submits a request and both sides agree on mutually beneficial terms.
• Inter RAO stated the 2012, 25-year power trade contract remains in force and said neither side is seeking to terminate it.
• Kommersant reported that China stopped buying Russian electricity from January 1 because export prices exceeded domestic rates, with its sources doubting a 2026 restart.
• Inter RAO reiterated that restrictions on deliveries have been in place since November 2023 due to a generation shortfall driven by rising consumption, with priority given to the Far East.
• Inter RAO previously projected a slight decline in 2025 exports and highlighted ongoing deliveries to Kazakhstan and Mongolia, as well as supplies to Georgia, Turkey and other regional markets.