MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +41.2B CAD IN APR

MNI: US NY FED EMPIRE STATE MFG INDEX -6.0 JUN

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Russia Aims to Boost Power of Siberia Gas to China Over 38bcm/year

NATURAL GAS

Russia’s Gazprom is in talks with China to increase supplies through the Power of Siberia to more that the planned level of 38 billion bcm/year, according to its CEO, Alexei Miller.

  • The higher level is for post 2025. Gas exports via the pipeline are expected to total 22 billion cubic meters this year, 30 bcm in 2024 and 38 bcm in 2025.
  • Russia is also pushing to secure a Power of Siberia 2 deal with China traversing the pipeline through Mongolia.
  • "The potential is actually very, very great. If you compare the potential for gas supplies to China in the medium term, pipeline supplies alone could very soon reach the level of supplies that we had for exports to Western Europe," Miller said talking about the Power of Siberia 2 pipeline.
Energy BulletsCommodities
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