Russia’s energy ties to China have been discussed at length throughout our website – the construction of the 38 BCm per year Power of Siberia gas pipeline, seaborne sales of ESPO (of which China is the dominant buyer), recent cross-investment deals including Rosneft and many more. With the two as close as ever on geopolitical and energy-related issues, July 2018 brought about a new facet to their cooperation – trading in Yamal LNG cargoes. Two Yamal LNG tankers, Eduard Toll and Vladimir Rusanov, will reach China’s Jiangsu province July 19 , the first supplies from Yamal to reach China directly. And there is more to come. After Yamal LNG was commissioned on December 8, 2017, in the presence of President Putin and other high-ranking government officials, the first-train (nominal capacity 5.5 Mtpa) production of the project exceeded the Energy Ministry’s expectations. In the first five months of Yamal LNG […]