Beijing capitalises on discounted energy, securing unprecedented Russian shipments in October while global sanctions reshape trade flows.

China’s intake of Russian liquefied natural gas (LNG) surged to an all-time high in October as Western sanctions forced a retreat by other buyers and redirected cargoes, while analysts said that key drivers included discounted prices and Beijing’s shift to non-US suppliers. Chinese customs data released on Thursday showed that imports from Russia jumped by 76.7 per cent, year on year, to 1.3 million tonnes – the first time monthly volumes from across the northern border topped 1 million tonnes,…

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