Russia’s Gazprom Says Gas Flow to China Set New Daily Record

(Bloomberg) — Russia’s Gazprom PJSC said Sunday it set a new daily record for gas deliveries to China on the previous day, underscoring the importance of its giant neighbor after it all but lost the European market over the war in Ukraine.

While it didn’t disclose the volume of gas sent to China, Gazprom said last week it’s working to ramp up supplies to Beijing via the Power of Siberia pipeline. An addendum to the gas supply contract with China’s China National Petroleum Corp. (CNPC) allowed the Russian state-owned company to increase flows from mid-November.