⛽️ LNG 🇷🇺 has gone East. Urgently and with a discount or the country needs locomotives, the country needs metal

Russia in November supplied 1.6 million tons of LNG to China — a record. Supplies have more than doubled over the year, surpassing Australia, only yielding to Qatar. Bloomberg nods, the numbers confirm😉

💸 Why did it happen?

Because it's cheap.

So cheap that Russian LNG has become the most affordable among 12 suppliers to China. Sanctions are sanctions, but a discount is a universal argument.

📉 Europe is gone, Asia is found

Previously, gas was going to the EU. Now — to China.

The logic is simple:

if it can't be expensive and close — then it must be cheap and far🤪

✔️ Pros:

— Exports are ongoing, foreign currency earnings are maintained

— LNG plants are loaded

— China is a large and stable buyer

❌ Cons:

— Sales at a significant discount

— Margins are lower than before in Europe

— China dictates the terms, rather than negotiating on equal footing

⚠️ Sanctions work not like a "switch," but like a slow compression of the economy.

There are exports — yes.

There is income — yes.

But this is no longer a growth economy, but an economy of survival and reorientation.

📌 China for Russia now is not a partner, but an anchor buyer.

Without it, it would be worse.

With it — just not as painful.