On October 30th, the US and Russia are fiercely competing for China's natural gas market, which promises an exciting showdown!
US Energy Secretary Wright stated that the US is ready to sell more energy to China. As long as the Chinese side is willing to purchase, the US can certainly provide sufficient supply. This statement reveals the urgent desire of the US energy sector to export to China.
Just two months before Wright's remarks, the US had just resumed its liquefied natural gas (LNG) exports to China. In August 2025, US LNG finally returned to the Chinese market. This was the first time since the beginning of the year that the US exported LNG to China, breaking a one-year gap.
However, in the Chinese market, US natural gas faces fierce competition. In early January 2025, Gazprom announced that the daily gas supply through the "Power of Siberia" pipeline to China had reached a "new level," setting a new daily record.
In 2023, Russia supplied 22.7 billion cubic meters of gas to China through this pipeline, exceeding the contractual obligation by 700 million cubic meters. More importantly, this pipeline is expected to reach full export capacity in 2025 - 38 billion cubic meters per year. The US can only rely on LNG ships for transportation, so this port fee can only be canceled.
Recently, Russian Energy Minister Zhirnov further stated that Russia is prepared to increase natural gas exports to China through the "Arctic LNG 2" and "Sakhalin 2" projects. The resumption of US LNG exports to China has just begun, and a volume of 2 billion cubic meters is negligible compared to Russia's annual pipeline gas capacity of 38 billion cubic meters.
If the US wants to make money and reduce the trade deficit, natural gas exports are a big part, and soybean exports are also a big part; the White House is now quite eager.
Original: www.toutiao.com/article/1847463048451211/
Statement: This article represents the personal views of the author.