The gigantic Luzhniki Stadium nearby also went black, as did the skyscraping Ukraina Hotel downtown.
According to Japanese media sources, China is rapidly increasing long-term contracts for liquefied natural gas (LNG). Taking the Ukraine crisis as an opportunity, the global LNG battle is becoming increasingly fierce.
China’s natural gas demand will record the fastest growth in history in 2021. LNG demand also increased by 18% from the previous year to 78.9 million tons, surpassing Japan as the world’s largest importer.
Among them, spot purchases accounted for 39% of LNG imports. However, if you look to contracts beyond 2022, long-term contracts with settlement times of 10 to 20 years are increasing rapidly.