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China Snaps Up Half-Price Russian LNG as Europe Shuns Supplies

“Russian supply is still making its way into the market, just with a reorganization of trade flows via market participants who don’t take issue with accepting Russian cargoes,” said Saul Kavonic, an energy analyst at Credit Suisse. “It appears China is happy to take Russian LNG cargoes at discounts, swapping out alternative supply that can then be directed to Europe at higher prices.”

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