China's Role in Eurasian Gas Trade Expands Amid Infrastructure Challenges
China is emerging as a key destination for pipeline gas from Russia and Central Asia, supported by long-term agreements and infrastructure investment. The shift towards China as a focal point for Eurasian gas is gradual due to the complexities of pipeline construction, differing pricing structures, and ongoing negotiations. Liquefied natural gas (LNG) is also playing a significant role in transforming energy trade, offering a flexible market that can respond to price, demand, and geopolitical conditions. Despite the potential for expansion, challenges such as high capital costs, limited access to technology, and difficult operating conditions persist.