Moscow could double deliveries to its Asian neighbor by the 2030s, shutting out US exports, Bloomberg has warned

Russia’s announcement this week of expanded pipeline gas exports to China could shake the global liquefied natural gas (LNG) market and squeeze out US suppliers, Bloomberg reported on Wednesday.

During his visit to China, Russian President Vladimir Putin confirmed that Moscow and Beijing had reached consensus on a major new pipeline across Mongolia, which would significantly boost existing supplies.

Although Chinese officials did not immediately comment, Bloomberg noted that “the ties binding Russia to its most important consumer…

Read the full article at RT.COM