By Tyler Durden Wednesday, Aug 31, 2022
One month ago, we were surprised to read how, despite a suppressed appetite for energy amid its housing crash and economic downturn (for which "zero covid" has emerged as a convenient scapegoat for emperor Xi), China has been soaking up more Russian natural gas so far this year, while imports from most other sources declined.
In July, the SCMP reported that according to Chinese customs data, in the first six months of the year, China bought a total of 2.35 million tonnes of liquefied natural gas (LNG) – valued at US$2.16 billion. The import volume increased by 28.7% year on year, with the value surging by 182%. It meant Russia has surpassed Indonesia and the United States to become China’s fourth-largest supplier of LNG so far this year!............To Read More....
My Take - Europe is now a third world continent totally dependent on those who hate them, and their stupid policies are killing them, and at the same time their citizens arrogantly continue down the road to their destruction on energy, green initiatives and immigration. Europe is doomed.
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