14-04-2022, 10:14 AM
In October 2021, on the basis of the original Sino-US energy agreement, the US energy giant signed a 20-year natural gas permanent supply contract with China. The unit price of the contract is constant @$235/1000m³. The United States was worried that China will go back on it in the future, and so has set an astronomical amount of liquidated damages if either party defaults on this deal.
After the outbreak of the Russian-Ukrainian war in Feb22, the international natural gas price skyrocketed, reaching $3,500 per thousand cubic meters. However, Russian natural gas was sanctioned by the West and could only be sold to China at a very low price according to the past Sino-Russian natural gas contracts, which directly led to China's import of Russian natural gas in March exceeding the share of the whole of last year.
Huat until buay rin chu.
.
After the outbreak of the Russian-Ukrainian war in Feb22, the international natural gas price skyrocketed, reaching $3,500 per thousand cubic meters. However, Russian natural gas was sanctioned by the West and could only be sold to China at a very low price according to the past Sino-Russian natural gas contracts, which directly led to China's import of Russian natural gas in March exceeding the share of the whole of last year.
Huat until buay rin chu.
.
