Russia has all the natural gas China needs

EXPERT OPINIONSTHE EASTERN PERSPECTIVE
The Great Wall of China
© Sputnik/Yevgeny Odinokov
Russian LNG produced in the Arctic so far is not reaching the Chinese market, partly because deliveries to Asia via the Northern Sea Route are extremely complicated during the winter months, while sending gas via Europe makes no sense due to the current market situation. As a result, even Yamal LNG gas that is designed for CNPC, let alone Novatek and other portfolio buyers, is marketed in Europe, which adds pressure to the low gas priced in European hubs and acts as a rival, including to Russian pipeline gas. This will go on until the gap between gas prices in Asia and Europe increases again. Navigation via the eastern part of the Northern Sea Route will not change the situation significantly.

About Ove Svidén

Ove Svidén was born on March 10, 1937 at 12:15 in Stockholm, Sweden. M.Sc., 1960, Aircraft Engineering, KTH, Royal Inst. of Technology, Stockholm. B.A., 1980, Psychology, Education, Politics at Linköping University. Received a Ph.D. 1989, on Scenarios, Dept. Management and Economics, Linköping University. Futures Research 1988-91, Systems Engineering and Consensus Formation Office at Drive Project, DGXIII, Brussels. CEO at ARISEeeig on Road Transport Informatics, 1992-99, Brussels. President, World Peace Foundation from 2001-, Stockholm (www.peace.se).
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