Russian electricity exports to China reach an all-time low
According to data, electricity exports from Russia to China saw a significant decline of 76% from January to June when compared to the same period last year. Read Full Article at RT.com
TroibNews 
According to Chinese customs data reported by business daily Kommersant, electricity exports from Russia to China reached an all-time low in the first half of this year. From January to June, Inter RAO, Russia’s power exporting company, delivered approximately 465 million kWh to China, marking a 76% decline compared to the same period last year. This drop has been attributed to various factors, including low water availability, insufficient generation capacity, and ongoing repairs at thermal power plants located in the Far East.
If this trend persists, exports could hit their lowest levels ever by the end of 2024. To address this issue, industry experts suggest that the construction of new power plants would be necessary, as highlighted in the report.
Currently, China's share in Inter RAO's electricity exports stands at 13%, while the utility's overall exports have fallen by 31%. This decline follows the suspension of trade with the EU. During the first half of the previous year, Inter RAO still provided electricity to EU countries, with clients including Finland, the Baltic states, and Poland, as noted by board member Alexandra Panina earlier this year.
Conversely, exports to Mongolia saw a 50% increase, and shipments to Kyrgyzstan rose by more than 30%, according to figures released by Inter RAO.
In light of the tight supply situation in the region, Russia and China engaged in discussions earlier this month to explore ways to boost electricity supply from Russia’s Far East to Asia’s largest economy.
Following the EU-imposed sanctions related to the conflict in Ukraine in 2022, Russia has redirected its energy exports towards Asia. China has become the largest purchaser of Russian oil since the European Union's ban on Russian crude in December 2022. Additionally, it has emerged as a key customer for Russian natural gas, which is delivered via the Power of Siberia mega pipeline.
For more updates on economic and financial matters, visit RT's business section.
Lucas Dupont contributed to this report for TROIB News
If this trend persists, exports could hit their lowest levels ever by the end of 2024. To address this issue, industry experts suggest that the construction of new power plants would be necessary, as highlighted in the report.
Currently, China's share in Inter RAO's electricity exports stands at 13%, while the utility's overall exports have fallen by 31%. This decline follows the suspension of trade with the EU. During the first half of the previous year, Inter RAO still provided electricity to EU countries, with clients including Finland, the Baltic states, and Poland, as noted by board member Alexandra Panina earlier this year.
Conversely, exports to Mongolia saw a 50% increase, and shipments to Kyrgyzstan rose by more than 30%, according to figures released by Inter RAO.
In light of the tight supply situation in the region, Russia and China engaged in discussions earlier this month to explore ways to boost electricity supply from Russia’s Far East to Asia’s largest economy.
Following the EU-imposed sanctions related to the conflict in Ukraine in 2022, Russia has redirected its energy exports towards Asia. China has become the largest purchaser of Russian oil since the European Union's ban on Russian crude in December 2022. Additionally, it has emerged as a key customer for Russian natural gas, which is delivered via the Power of Siberia mega pipeline.
For more updates on economic and financial matters, visit RT's business section.
Lucas Dupont contributed to this report for TROIB News
