Overview
- Chinese customs data show Russian LNG arrivals reached 1.6 million tonnes in November, or 23.5% of China’s imports, overtaking Australia.
- Vessel-tracking from Kpler and LSEG indicates the Kunpeng loaded LNG at Gazprom’s sanctioned Portovaya terminal on December 21.
- Novatek has sold more than 1 million tonnes from Arctic LNG 2 to Chinese buyers since June despite U.S., UK and EU restrictions.
- Pipeline flows via Power of Siberia in 2025 are set at about 38.6–38.7 bcm, roughly 25% above 2024 and exceeding the line’s 38 bcm nameplate, Reuters reported.
- Australian LNG shipments to China fell about 33.6% year on year in November, reducing its market share as Russia’s rose.