Russia sees scope for oil exports boost to China, urges cooperation in LNG

25/11/2025 17:53

Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural gas, Deputy Prime Minister Alexander Novak said on Tuesday in Beijing.



China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022. China imports roughly 1.4 million barrels of Russian oil per day by sea and approximately 900,000 bpd of Russian oil by pipeline.



Last month the United States introduced sanctions against Russia's two largest oil producers, Rosneft and Lukoil .



Russian President Vladimir Putin derided the sanctions as an unfriendly act, saying they would not significantly affect the Russian economy and talking up Russia's importance to the global market.



There have been conflicting reports about prospects for Russian oil supplies to China and India, while Russia's overall crude exports have been relatively steady so far.



Novak told a Sino-Russian business forum in Beijing that Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China.