Russia is selling pipeline gas to China at a significantly lower price than to its other foreign customers, a sign of growing dependence on Beijing as Western sanctions restrict its export markets. According to Russian State Duma documents cited by The Moscow Times, China is expected to pay an average of about $248 per 1,000 m³ in 2026, 56% less than the $562 Gazprom receives from customers outside the former Soviet Union. The Carnegie Russia Eurasia Center notes that China pays Turkmenistan up to $60 more per 1,000 m³, and talks on Power of Siberia 2 have stalled over pricing. Analysts say the steep discount reflects Moscow's weaker bargaining position, while the loss of European markets leaves Gazprom with large Yamal reserves without buyers. Earlier this month, Deputy Prime Minister Alexander Novak said Russia would supply 39 billion cubic meters of gas to China via the Power of Siberia pipeline.
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Original headline: Trung Quốc mua 39 tỷ mét khối khí đốt Nga với giá rẻ khó tin, trả cho nhà cung cấp khác còn cao hơn nhiều
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natural gasRussiaChinasanctions
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GAS
• NeutralPetroVietnam Gas
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Gas Distribution |
| Market cap | 187,486 bn VND |
| P/E | 14.7 |
| P/B | 2.73 |
| Close on 10/28/2026 | 77.70 |
| Change that session | -1.52% |
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